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Placer County Estate Law Blog

Planning ahead in parenthood

As a new mother myself, I understand the rush of emotion that comes with a new child in the house. You just want to relax and bond with your newest family member, but there are important matters to settle as you and your new bundle of joy get used to life together.

We've previously discussed the financial and legal matters that a new parent should set up before the birth, but there's also long-term planning for the "what if" and "just in case" scenarios. It's your job as a parent to always provide for your child, including when you can't be there to do it in person. By establishing guardianship and a revocable trust, you can help your children throughout life no matter what happens to you along the way.

A financial checklist for expecting moms

Your life is about to change. You are both excited and nervous. Having a baby is a lot of responsibility. Becoming a mom is something that you have always wanted. You've plotted out the nursery. You have a running list of baby names that you have narrowed down. Loved ones have slowly stocked you up on adorable onesies and soft blankets.

As your baby-bump grows, so does the checklist in your head. You know you have to get the house ready. You know you want to pack a hospital bag, and that some furniture for the nursery needs put together. You also know that you need to really think about your finances and securing the future for your baby.

Teachers: Remember to do your homework

A high school teacher who herself taught a class in personal finances once confessed that she did not have a will filed, did not know what would become of her house if she got sick, and wasn't really tracking her retirement funds.

The truth is, teachers spend so much time with other people's paperwork that they sometimes forget to get their own affairs in order. 

Do I need a lawyer when creating an estate plan?

Estate plans are not to be taken lightly. They control where your assets go or what should happen to you and/or your children if a tragedy occurs. Because your wishes depend so heavily on an estate plan, you need to make sure you complete the documents correctly. Otherwise, your property could be distributed or handled in a way that you would never have chosen.

Here are 3 reasons you should consider an attorney when creating your estate plan:

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The Law Office of Alexandria Goff
5440 Park Drive
Suite 102
Rocklin, CA 95765

Phone: 916-625-6639
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