Estate Planning Tips for Young Families
Starting a new family is exciting but taking on new responsibilities can be overwhelming for young parents. As with any endeavour, careful planning can assist in ensuring that such parents can adequately care for their children in the best possible way. The beginning of the year is a great time to plan not only for the present well-being of young children but also for the future.
If you are a young parent, relevant concerns such as who will care for your children in the event of your untimely death and who will preserve your property for your children’s benefit need to be considered as part of creating a sound and viable estate plan.
In this article by by Mary Wahbi and Seher Goderya of Basman Smith LLP, Toronto, you will learn about some ways that you can plan for and prevent any unnecessary stress or anguish.