Why a will isn’t enough
- 1 day ago
- 1 min read
Many moms (especially those with young kids) think, “I have a will, so I’m covered.” A will is important, but it is only one piece of the plan.
A will takes effect only after death and usually requires a court process. It does not help if you are alive but incapacitated for some reason. Further, even if the will is in effect, during the probate process, assets may be frozen or delayed for months. For a family that depends on those resources, that delay can create real hardship. For moms with young children, planning should also answer:
Who can step in immediately if you’re alive, but unable to care for your kids (long term or temporarily)?
Who can manage money for your children?
How will funds be protected as your children grow up?
Tools like a trust or powers of attorney help fill these gaps. They can allow someone of your choosing to act right away, without waiting on court approval. They can also help ensure money is used for your children’s benefit according to the terms you set out so that your preferences and goals are honored.
Estate planning is not just about what happens after you pass away. It is about protecting your kids and keeping things running smoothly in any unexpected situation. A will is a great start, but a complete plan gives true peace of mind.
Brought to you by:
The Law Office of Holli K. Houston, LLC
hollihouston.com | 541.632.4346
800 Willamette St., Suite 800
Eugene, OR 97401
Comments