Estate Planning Is Essential for Parents

An estate plan is especially important for parents. They can nominate guardians and set up testamentary trusts for their kids, to provide guidance for distribution of assets so that the funds are not distributed in their entirety when a child turns 18. I also create a Durable Power of Attorney for Childcare: a detailed, legal version of the note on the fridge providing authorization for custody, health care decisions, etc., if parents are unavailable. At Brooks Estate Law, all of this comes in one very reasonably priced Parents Package.

http://www.nytimes.com/2013/03/09/your-money/financial-tips-for-expectant-parents.html?_r=1&