Important Considerations for the “Sandwich Generation”
In our current generation, there are many individuals taking care of both their parents and minor children. These individuals are sometimes called the “Sandwich Generation.” Being a caregiver to your parents as well as a parent to your children means that there are many responsibilities and obligations.
While caring for your parents, it is important to ensure that they have completed and understand their estate planning. If your parents’ estate plan was created years ago, now may be a good time to review the plan and make updates. In addition, it is also important to ensure that your parents have current Powers of Attorney so an agent can be appointed to make medical or property decisions for them.
In your capacity as a parent, it is also important to ensure that you have your own estate planning completed so that if something were to happen to you and/or your spouse, your assets are protected and you have appointed guardians for your minor children.
Here at Chauvel & Glatt, we are keenly aware of the time pressures facing the “Sandwich Generation.” We go out of our way to work with clients to complete their estate planning promptly and in the least intrusive manner possible. To learn how our attorneys can assist you with your estate planning or other legal needs, contact us today.