While some areas of a firm’s practice have slowed due to the shutdown, others are on the rise. During the time of the lockdown, estate planning attorneys will tell you the number of people calling their office has increased. Some people have had estate planning on their “to-do list” for some time, but just put it off because they did not have the time. Others feel the urge to prepare because the uncertain health risks have made them realize the importance of being prepared. Whatever the reason, during this time, business is booming for wills and trusts attorneys.
Gavel Law Firm is no different. One of the most significant increases has been from young professionals and parents looking to be more secure by setting up a plan for their children in case they are no longer here. One of the easiest and inexpensive ways of doing this is to have a Nomination of Guardian.
By nominating a guardian, the parents can election the person or people that they wish to care for their children if the parents pass away while the children under eighteen. However, this does not mean that the individual selected will have immediate guardianship rights. After the parents have passed, a petition will need to e filed with the courts for their guardianship rights to enforce.
Parents now have more tools available to care for children, should the parents pass away. Parents looking for a more comprehensive plan should also look into a Power of Attorney and Revocable Living Trust.
