Importance of estate planning for all income levels

Attorney Talitha Davies Wegner shares advice for parents on the two most important legal documents that all families needs no matter their income level
The Importance Of Estate Planning For Families Of All Income Levels
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Importance of estate planning for all income levels

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The two most important legal documents all families need, no matter what their income level is; a prenuptial agreement and an estate plan. A prenuptial agreement, so that they can work through their issues ahead of time so that, worst case scenario there is a divorce, it's not acrimonious. The second one, the estate plan, is possibly the most important when it comes to children. If something happens to both of you, you need to have a plan of who is going to get your children. That person needs to know ahead of time. You need to know that your money is going to be in trust and will be protected; that your kids and their caretaker will not be appointed by the Court, that the guardians won't be involved. They won't be having to go to Court and pay money to attorneys every time they need to do anything. So in a way, the less money you have, the more important it is because there is less to go around. And so, you're not only buying yourself piece of mind with these documents but you're protecting your family, and you're protecting what little money you do have.

Attorney Talitha Davies Wegner shares advice for parents on the two most important legal documents that all families needs no matter their income level

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Talitha Davies Wegner

Attorney

Talitha Davies Wegner is a Los Angeles attorney specializing in family matters. Her warm personality and compelling litigation skills enable her clients to navigate legal challenges with confidence and peace of mind. Genuine interest in her clients' issues, her personal life experiences and a passion for justice provide her clients with "a best friend in the law". Talitha is no stranger to divorce - weathering her own in 2004. She is now married to Bill Wegner, also an attorney. Talitha adores Bill's three adult children and their partners as well as being "GrandTali" to four granddaughters.

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