Monday, August 10, 2009

From The Oregonian: What Every Parent Should Know About Wills

This article by Amy Wang in The Oregonian reminds parents about the importance of preparing a will. Parents should consider whether to set up a trust for children to provide for educational, medical, or other expenses. Wills also allow parents to determine who will be the guardian of their children if both parents pass away. Other estate planning tools, such as an advance directive form, allow parents to state whether they want to be placed on life support or receive tube feeding. Planning ahead relieves stress and family disagreement in the event a parent becomes incapacitated. Finally, parents should update a will after the birth of additional children or when their family status has changed.

Read “
What Every Parent Should Know About Wills” by Amy Wang.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.