Jamie Graham & Associates, PLLC

Importance of estate planning as a new parent

When people think of getting their affairs in order for after their passing, they usually think of a will. However, along with a will, other forms of estate planning may also be beneficial. 

In order to properly plan your estate, you need to understand what it entails. This knowledge is also helpful in determining how estate planning may benefit you and your new family.

Estate planning

As the name indicates, estate planning involves documenting your plan for the division of your estate if you pass or become incapacitated. An estate is not only property, but also other assets, such as bank accounts, life insurance policies and stocks. The plan usually includes several different documents, such as:

A full plan takes some time to create. It may be helpful to discuss your estate plan with a knowledgeable attorney to make sure that you encompass your entire estate in your plan.

Protection and stability

A complete estate plan can help to provide protection and stability for your loved ones. As a new parent, this is especially key to make sure that your children receive the care and provision that they desire once you are gone. You can denote the guardian or guardians for your children in the will, as well as specify visitation privileges for other family members. A trust also allows you to structure how you want your children to receive their inheritance, even once they are adults.

As you can see, having a proper will in place can be very beneficial. It allows you to share your last wishes as well as ensure that the beneficiaries you designate receive your assets. If you are a new parent or parent-to-be, consider creating or revising your will soon to protect your children.

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A TOP-RATED LAW FIRM

At Jamie Graham & Associates, PLLC, we have received a variety of honors and awards for our family law services. Members of our team have been listed as Top Lawyers in San Antonio Scene magazine. We take pride in the number of positive reviews we have received from satisfied clients. On AVVO, a lawyer rating website, we have received an 8.9 rating overall and many positive ratings from clients and colleagues.

  1. Top 10 Attorneys | American Jurist Institute | 2017
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  3. Avvo Clients' Choice Award 2015 | Jamie Lynn Heggy Graham
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Jamie Graham & Associates, PLLC
310 South St. Mary's Street
Suite 2500
San Antonio, TX 78205

Phone: 210-272-7034
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