NEW PARENTS

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New Parents in Palm Harbor

Having a child is one of the most exciting, fulfilling experiences possible. It’s also life-changing. Before, you only had to think about yourself and your significant other. Now, you’re concerned with your child’s well-being and want to ensure he or she is cared for if you pass away unexpectedly. This is why Palm Harbor estate planning is so important for new parents. Sherri M. Stinson, P.A. can help you get your affairs in order so your child will be protected, no matter what the future brings. Go over some of the most important estate planning options for new parents.

Designate a Preneed Guardian

Designating a preneed guardian is essential as a new parent. This allows you to choose who will care for your child if you and the other parent pass away or become incapacitated. Without the designation in place, any interested party can petition the court to become the guardian of the property and the person. That means your child could end up in the care of someone who doesn’t share your parenting vision and values. Also, your child might not have a connection to the person, making an already horrific situation even worse.

You have two options for designating a guardian for your child. Most new parents choose to include it in their wills. You also have the option of filing a declaration of preneed guardian document with the court.

You might not realize this, but you can go beyond naming a guardian for your child with this document and include the names of people you don’t want to serve as guardians. Then, if your guardian isn’t available, you won’t have to worry about an unsuitable person stepping in to serve as the guardian. 

Safeguard the Inheritance

You also want to make sure your child is financially cared for if you pass away. Most people do not know that your minor child cannot inherit from you without the need for a costly guardianship.  Your Palm Harbor estate planning attorney can set up a trust for your child. You can choose the terms of the trust, and then the designated trustee will distribute the assets based on your wishes. With a trust in place, you’ll know that your child will have the money needed through childhood and into adulthood.

Get Legal Advice

Setting up guardianship and trust are two essential components of estate planning for new parents. However, you can also take additional steps, including purchasing a life insurance policy. Your estate planning attorney in Palm Harbor can provide guidance to ensure you are fully prepared for the future.

It’s never too early for new parents to begin estate planning. Contact Sherri M. Stinson, P.A. today to learn more about your estate planning options.

Empty Nesters

You spent what feels like most of your life raising children, but now they are grown and living independent lives.

Retirees

After working for most if not all of your adult life, you’re finally retired. This is an exciting milestone, full of possibilities. It’s also the ideal time to visit a Palm Harbor estate planning lawyer. Your lawyer will make sure your affairs are in order so you can enjoy retirement to the fullest. Go over some of the ways your estate planning attorney can help you as you transition to this new stage of life.

Caregivers

Stepping into a caregiving role for a loved one is challenging. You have to deal with the emotional impact of watching the physical and cognitive decline. You’re also worried about the legalities surrounding caregiving. Fortunately, a Palm Harbor estate planning attorney can help you navigate the process. Find out how a lawyer can protect you and your loved one.

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Sherri Stinson was the attorney who helped my brother and me settle the estate of our late uncle. She made this difficult time for us much easier. She was extraordinary! Not only was she professional, she was patient, tactful, and kind. A very sharp lady! Worth every penny she was paid! Coming from a family of attorneys, we were very impressed. She’s Awesome!

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I highly recommend Sherri Stinson if you’re looking for an outstanding attorney. She helped me settle the estate of my uncle who lives in Florida. She’s not only very bright and knowledgeable of FL law, but she’s kind and patient! Even though I live in Kentucky, she was able to help me through the process with little effort on my part. Her help was literally invaluable and her charge very reasonable.

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