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