When you find out that you are expecting a baby, you have a lot of things that you need to take care of. One task might be something you haven't thought of – your estate plan. This is what can help to ensure that your child is taken care of if something happens to you.
Nursing home planning and the care plan
Considering your potential need for long-term care isn't an easy feat. After all, it requires you to consider the possibility that there may come a time when you are no longer able to adequately care for yourself. It can also be a financial challenge given that long-term care can be quite expensive.
Is a spendthrift trust right for your estate plan?
Most Californians who engage in estate planning do so in order to protect their loved ones' financial well-being as fully as possible. These people also tend to hope that their estate will be well protected, ensuring long-term viability and thereby creating a sense that their legacy will be established.
