Taking Care of Your New Family Member
National Adoption Month is aimed at raising awareness about the adoption process and the children who need permanent, loving homes. Each year thousands of children are adopted and throughout the years they bring much joy to their adoptive families. If you are in the process of adopting, have recently adopted a child or are considering adoption, then now is a great time to create or update your estate plan.
All Children Are Treated the Same
Generally, if you are an adoptive parent, legally adopted children are treated no differently than biological children in your estate planning documents, as well as the estate plans of adoptive grandparents and other family members. If you do not have an estate plan in place, there are several factors to consider when a new child—adopted or biological—comes into your life. Even if you already have an estate plan, it is important to review it to ensure that your wishes for your new child are fully addressed.
Celebrate Your New Arrival by Planning for the Future
Choosing to share your life with a child is a wonderful thing! Whether you have just adopted a child or adopted years ago, it is crucial to ensure that your estate planning documents indicate the money and property you would like your child to receive, when they should receive it, and indicate who you want to act as a caregiver for your child if something should happen to you. Give call us to set up an appointment so we can help you create an estate plan that best addresses your growing family’s unique needs.
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