Wills, Trusts and Estate Planning for New and Young Parents
The birth or adoption of a child transforms your estate planning obligations profoundly. Where previously the primary purpose of a Will was to ensure your assets pass to the right people, you must now also consider who will care for your child if you and your partner are no longer alive, and how your child’s inheritance will be managed until they reach maturity. This article sets out the key estate planning steps for new and young parents in South Australia.