Even if something happens to you, it’s still your job to provide for your children.

Obviously, you can’t be replaced–but your income can.

If you have young children, there’s a good chance you also have things like student loans, a mortgage, maybe a car payment, and even a credit card. On top of that, I know it’s hard to plan for your own demise. The good news is that about $20 per month can get a healthy 30-year-old female $500,000 in life insurance. (Men, at any age, have to pay a little more.)

Applying this life insurance to a trust you create in your will can make sure your children are taken care of, even if they lose you.

I can feel your skepticism already: ‘Ryan, getting life insurance is easy, I don’t need a lawyer.’

That’s true. However, dumping a bunch of money on someone and hoping your children are cared for is a bad plan (even if you give it to your parents…I’ll go into this in another post).

There are more benefits of a trust by will than I need to get into here. But you should have the key points: 1) you get to set the terms for the use of the money; 2) nobody else owns the money–it can only be used for your children; 3) there’s no probate court involvement in your trust; and 4) the cost is so low it can fit into any budget.

Your needs could be different. Call me at (517) 796-3907 and we’ll set up a time to talk about what estate planning needs you have.