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As your family grows, so should your estate planning savvy

We're not saying that you need to become an expert in legal estate planning matters simply because you had children. No one has time to get a self-proclaimed law education, especially someone who is tending to 2 a.m. feedings or chasing preschoolers around the block on a daily basis. That's actually why we're here -- our firm specializes in providing painless estate planning services to all types of families.

We do think it's important for you to understand how estate planning is beneficial for anyone and what you might want to do with estate plans now that you have children. One of the major differences between estate planning when you're single and estate planning with children is that you might need to consider guardianship situations.

It's not something anyone wants to dwell on, but it's important to consider: If something happens to one or both parents, what will happen to minor children? Some people think they'll automatically go to family, but that's not always the case. It really helps to have a legal provision in place to transfer guardianship of your children to someone you trust.

After you have kids, you might also have a reason to find out more about trusts. Trusts are one way you can leave assets for the use of your minor children without as much worry that someone will misuse those assets or not use them for the benefit of your children. You still have to be careful who you make trustee of such assets, and working with an experienced estate planning lawyer helps you understand the pros and cons of various situations.

Every family has unique needs, but one thing doesn't change. If you have children, you likely want to protect them and provide for them as long as possible, and estate planning is a way to do that.

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