(978) 263-6900

What are the 5 legal documents every parent should have?

Transcript

So, the five documents every parent should have, especially when they have young kids, is:

  1. If you have young kids, a kids Protection Plan. A kids protection plan is the set of documents that governs who’s going to take care of your kids if something happens to you.
  2. You want a will. A will not only name long-term guardians formerly if you die, and you have minor children, but it can also be used to leave instructions for the disposition of your assets.
  3. You want to make sure you have a trust in place if you have substantial any kinds of substantial assets, if you’ve got life insurance proceeds, if you own a house, if you’ve got retirement accounts, and especially if you have young kids because it makes things as easy as possible for your family, Keeps everything private. But it’s also a way to leave instructions for the disposition of your assets.
  4. You want to have a healthcare proxy in place. That’s the legal document that says who will make healthcare decisions for you if you can’t make those decisions for yourself.
  5. You want to have a HIPAA waiver in place. HIPAA waiver is authorization for the people who will make health care decisions for you so that they can have access to your medical information.
Parents Estate Planning Logo

THE PARENTS ESTATE PLANNING LAW FIRM, PC

At The Parents Estate Planning Law Firm, we answer your questions at your convenience; we stay in frequent communication; and we meet to discuss changes in life circumstances and in the law to ensure that your assets are protected.

SHARE THIS:

Schedule a
Planning Session

Free Monthly Newsletter

Get valuable information delivered to your inbox each month!

Special Reports

Image of Kids Protection Planning Guide

Kids Protection Planning Guide®

Emptying the Nest

Emptying the Nest: 8 Ways Your Estate Plan Changes When Your Children Become Adults