Kids Protection Planning from Your Neighborhood Personal Family Lawyer

Hoopes & Adams, PLC

 
 
 

 
 

Newsletter:

FAMILY WEALTH MATTERS

From Ron Adams,
Personal Family Lawyer®

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Recent Articles:

Special Planning for Special Needs Children

Special children require special planning. One of the risks that a family with a special needs child may have is that a well-meaning loved one could accidentally disqualify the child from receiving government benefits.

Be a Role Model for Your Kids: Follow Your Dreams
We need to feel good about and show love to ourselves regularly, so that we can show our children how to love, value and respect themselves. We must remind ourselves that everything we do as moms reflects on our children and plays a large role on their future.

Safe-Smart Rules for Kids and Grownups
We live in a world where childhood sexual abuse exists. A good way to protect kids is to empower them with the right kind of safety information, such as these Super-Ten “Safe-Smart” Rules.

Converting Your IRA to a Roth IRA Gets Easier in 2010
This change comes at a time when many IRAs have dropped in value, meaning taxes on such conversions will likely drop. Since income tax rates at all levels are expected to rise in the coming years, owning an account that is safe from tax increases might appeal to future retirees.

Estate Planning for Your Pets
Does your estate plan include instructions regarding who will care for your pets after you die or if you become disabled or seriously ill?

Disability vs. Long-Term Care Insurance
It’s easy to get confused when a financial advisor starts talking about insurance options. This is especially true when explaining the differences between long-term care insurance and disability insurance

Your Wealth: What's in Your Wallet?
What about wealth as it relates to your kids and pets if you are in an accident? Is that covered in your wallet?

Understanding Prenuptial Agreements
The time and effort of pre- or postnuptial agreements can save money, pain and time if the marriage fails or when a spouse dies.

Post-Divorce Planning: Problem or Opportunity?
After completing a painful process like a divorce, the last thing most people want to do is sit down with lawyers and financial professionals to review their financial planning. But the need for this type of action after a divorce may be critical.

Credit Card Balance Transfers: Look Before You Leap
Before you accept a balance transfer offer, you want to make sure it will help achieve your goal of paying off your credit card debt

Selecting the Guardian for a Minor Child
Who would you like to be the guardians of your young children if you pass away?

Mortgage Loan Modification: Frequently Asked Questions
If making your mortgage payments is a challenge, or if you have an adjustable rate mortgage, you may be considering a loan modification. Here are answers to frequently asked questions

Keep Uncle Sam and Lawsuit Lawyers Away from Your Children's Inheritance
You can leave to your children what you've worked so hard to build in such a way that it stays protected

 

SMART LEGAL PLANNING TO PROTECT ARIZONA FAMILIES

The first step is precious.

Will you take the first step to protect your kids?

Take Charge of Your Planning: Learn "11 Things to Ask Before Hiring an Estate Planning Lawyer"

Membership Benefits: Our Family Wealth VIP Membership Programs offer significant savings and planning advantages.

Meet-Ups for East Valley Moms: Legal planning discussions hosted by Crysti Beitler Niven


Register today for our no-cost

Kids Protection Planning Workshop

Hosted by Neighborhood Personal Family Lawyer® (and mom) Crysti Beitler Niven ... with free playtime, pizza and cupcakes for the kids!

Crysti Beitler Niven

 Kids Protection Plan

Our "Kids Protection Plan®" page is a simple, no-cost tool to help you create legal documents that name a guardian for your kids.

If your children are young, you've probably thought about who would raise them if you couldn't. With a simple arrangement in your will, you can feel sure that, in the event you can't raise your kids, they will be well cared for. You should name one personal guardian (and one alternate, in case your first choice can't serve) for each child. If you have selected a stable couple who would act as co-parents, name both of them, so that each has the power to make decisions on behalf of your child.

   • Naming a Guardian for Your Children:
Six Common Mistakes

As Seen in BUMP Magazine!

Kids Protection Planning Session

Order your $750 voucher

 Legal Planning for Moms

As a mom, there are legal planning steps you can take to further protect your kids. We invite you to participate in a free program to help keep your kids protected!

Hoopes & Adams sponsors periodic "meet-up" groups, led by Personal Family Lawyer® Crysti Beitler Niven, for East Valley moms who want to learn more about a variety of everyday planning and legal topics. To learn more, or to join our group of moms who have learned how to protect their kids, just click the link below.

   • Visit "East Valley Moms"

 Family Wealth, Health & Happiness Calls

You will enjoy these free monthly calls, sponsored by the Family Wealth Planning Institute, designed to enhance personal and family success for parents.

   • See the lineup of scheduled presenters

 Naming a Guardian for Your Children
 six Common Mistakes

If you are one of the 31% of parents who have named guardians for their kids, you may have made one of these six common mistakes:

  1. You may have named a couple to act as guardians, but you have not indicated what should happen if the couple broke up or one of the spouses died. This means your kids could end up in the care of someone you did not choose.

  2. You may not have named enough alternates to serve if your first choice cannot serve.

  3. You may have considered financial resources of potential guardians when deciding who should raise your children. Your guardians do not have to also be financial decision-makers for your kids; your guardians are the people who will be in charge of your kids' emotional, spiritual and physical well-being – not necessarily their money. It's your responsibility to leave enough money behind to take care of your kids, either through savings or life insurance. You can name someone other than your guardians to take care of that money if the best-choice guardians are not good with money.

  4. You may have not provided for someone to take care of the money you are leaving behind. That means your money could go outright to your kids at 18 – unprotected.

  5. You probably named only long-term care guardians and did not make any arrangements for the short-term care of your kids if you were in an accident. This means your kids could be taken out of your home and into the care of strangers until the authorities could figure out what to do.

  6. You probably did not exclude anyone who might challenge your decisions or who you know you would never want raising your kids.

The good news: Avoiding these mistakes is easy when you work with us. We specifically focus on the needs of parents like you!

Questions? Call (480-345-8845) or email Personal Family Lawyer®
Crysti Beitler Niven.

 
   
 
     
 

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