Estate Planning for New Grandparents

We’re often asked if there are special considerations for creating Estate Plans for new grandparents. Our answer is that there are times in our lives that are considered significant events, when we are wise to create or revisit our Estate Plans, and the wonderful experience of becoming a grandparent is one of them.

If you are a new grandparent, or are about to become one, we suggest that you take the important steps of reviewing your income, assets, goals for gifting assets, beneficiary designations, and updating your Estate Planning documents. Many grandparents also wish to help their grandchildren financially, and we help them find ways to do so that protects themselves and their grandchildren. There are many aspects of gifting that need to be carefully reviewed and evaluated prior to making provisions for the gift. Often the use of a trust is beneficial for safeguarding assets and preparing for tax consequences or public benefits eligibility, if needed.

Our Elder Law and Estate Planning Attorneys have the knowledge, experience, and empathy necessary to guide grandparents in creating or updating their Estate Plans as their family grows.

If you have any concerns about Wills, Trusts, Power of Attorney, Designation of Health Care Surrogate, or managing the costs of long-term care, please do not delay. Call us today at (904) 264-8800, and set up a phone, video, or in-person appointment today with one of our knowledgeable, compassionate, and caring Elder Law Attorneys at one of our offices, located in Jacksonville, Orange Park, and St. Augustine.

We are your Florida First Coast Elder Law Attorneys.