• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Levine, Furman & Rubin, LLC

East Brunswick Estate Planning Attorneys

Attend a Free Seminar 732-238-6000
  • Home
  • Our Firm
    • Advantages of Working With Our Firm
    • Attorneys and Staff Profiles
    • Communities We Serve
      • Mercer County
      • Monmouth County
        • Freehold Township
      • Middlesex County
        • East Brunswick
        • Edison
        • Monroe Township
        • Old Bridge Township
      • Ocean County
        • Jackson Township
        • Lakewood
    • Founding Attorneys
    • Multimedia
    • News & Events
    • Our Services
    • Speaker Connection
  • how we can help
    • Estate and Gift Tax Figures
    • Estate Planning Services
    • Incapacity Planning
    • IRA & Retirement Planning
    • Legacy Wealth Planning
    • LGBTQ Estate Planning
    • Loss of a Loved One
    • Special Needs Planning
    • SECURE Act
    • Trust Administration & Probate
  • elder law
    • Caregiver Guidance
    • Coping With Alzheimer’s
    • Medicaid Planning
    • Veteran’s Benefits
  • Seminars
  • RESOURCES
    • DocuBank
    • Educational-Alerts
    • Elder Law Reports
    • Estate Planning Articles
      • The Importance of Retirement Planning
      • Reasons to Create a Living Trust
      • What to Include in Your Will
    • Estate Administration Consult Form
    • Newsletters
    • Pre-Consultation Form
    • Reports
    • Special Needs Resources
    • Trust Administration And Probate Resources
      • Bereavement Resources
      • How to Know if You Need Extra Help With Your Grieving
      • Things You Need To Do When a Loved One Passes Away With a Will
      • Things You Need To Do When a Loved One Passes Away With a Trust
      • Trust Administration & Probate Definitions
  • Reviews
    • Our Reviews
    • Review Us
  • Blog
  • Contact Us
Home » Blog » Estate Planning for Parents With Young Children

Estate Planning for Parents With Young Children

April 26, 2022 by Adam Rubin

One of the biggest concerns parents with children face, particularly if these children are under the age of eighteen, is what is going to happen to them following my passing? What is going to happen to them if I become incapacitated? What is going to happen to them if both of their parents no longer can care for them? These questions, among hundreds of others, plague the minds of parents across the globe. What sorts of protections can a parent with young children put into place?

playing-with-child-new

Your first step is to put together a plan now, rather than waiting until later. The last thing you want to do is put this off, and then get into an accident or suffer a medical condition where you are no longer able to care for your children. This is particularly true for single parents. What are your options?

  • Start by creating a will that lists guardianship for your children. Be sure to hold several conversations with this potential guardian to ensure they are up for this new life role. You must also list a secondary guardian incase something happens with your first choice.
  • Next on your list of things to do is creating a trust (or trusts) for your children so your assets can be distributed among them when they are older. This is called a revocable living trust, and should be prepared with an estate planning attorney. They will guide you strategically through this plan, and advise you as to the best way to handle these funds.
  • Do you have a trusted family member or friend you can appoint to care for your children until the guardians arrive if an emergency occurs? If not, now is the time to make these arrangements. Consult with your estate planning lawyer to see if there are additional documents you must fill out and file in order to put these plans into action.

There are going to be a lot more questions coming up along the way, as well as concerns, you are going to need to address immediately. Meeting with your estate planning attorney is the best safeguard you can put into place during this planning process. They’ll make sure you haven’t forgotten anything, and they will alert you to information you may not know about. The process may become lengthy, so try to remain as patient as possible. This process is well worth every effort.

  • Author
  • Recent Posts
Adam Rubin
Latest posts by Adam Rubin (see all)
  • Estate Planning: Recognize, Reach Out, Revise - June 30, 2022
  • How Does A Trust Operate? - June 28, 2022
  • Three Tools for Asset Protection Planning - June 14, 2022

Primary Sidebar

Levine, Furman & Rubin, LLC

Levine, Furman & Rubin, LLC

NEWSLETTER SUBSCRIPTION

FOLLOW US

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube

WHERE WE ARE

East Brunswick (Main Office)
F-3 Brier Hill Ct.
East Brunswick, NJ 08816
Phone: (732) 238-6000
Fax: (732) 238-6055

MAP

Map

SATELLITE OFFICE

Jackson (Satellite Office)
19 N County Line Road Suite 3
Jackson, NJ 08527
Phone: (732) 238-6000
Fax: (732) 238-6055

OFFICE HOURS

Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 5:00 PM

Footer

Levine, Furman & Rubin, LLC

Levine, Furman & Rubin, LLC

Levine, Furman & Rubin, LLC

East Brunswick (Main Office)
F-3 Brier Hill Ct.
East Brunswick, NJ 08816
Phone: (732) 238-6000
Fax: (732) 238-6055

Map/Location

Map

Office Hours

Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 5:00 PM

Jackson (Satellite Office)

19 N County Line Road Suite 3
Jackson, NJ 08527
Phone: (732) 238-6000
Fax: (732) 238-6055
Map

Office Hours

Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 5:00 PM
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube

The information on this website is for general information purposes only. Nothing on this or associated
pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation. This
information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship.
Privacy Policy | Terms of Service | Disclaimer | Site Map | Powered by American Academy of Estate Planning Attorneys
© 2023 Levine, Furman & Rubin, LLC. All Rights Reserved.