customized to your exact needs. If you think that one person would be a great caretaker, but you’d rather have another person handling your children’s finances, you can specify that in the document. If you have one caretaker in mind for your oldest child, but your youngest seems to gel better with someone else, you can specify that too. The idea is to plan for whatever will best suit your family’s needs. Life Insurance Life Insurance is a way to provide a safety net for your family if you pass away, to ensure that they have a steady stream of money to meet their needs. There are a few different ways a policy can be incorporated into your estate plan, and you should speak with your attorney and financial advisor to see which will be most beneficial for your particular family. Before purchasing a policy, however, the first step is to consider what needs the policy should cover. Do you want the policy to replace your salary? To pay off the house so that there are fewer expenses? Or do you just want to provide additional income to ease the pressure on your spouse or child’s guardian while they get affairs in order? Once you have an idea of what you are hoping to achieve with the policy, you can decide what type of policy to buy, who the beneficiary should be, and how much coverage you would like. Your attorney can then help you decide how best to include the policy in your plan.
When your whole life has been one day, you want it to be a very good day.
Educational Fund
At the Women & Infants Center at Fremont Medical Center, you will find everything to make your baby’s first day a very good day.
As with your retirement savings, it’s never too early to start saving for your new child’s educational future. By including a designated educational fund in your estate plan, you are better able to control and direct the use of those funds as your child’s needs evolve. Keeping that in mind, there are a variety of options for educational savings plans; a financial advisor can help you decide which option is right for you. Estate planning may seem like the very least of a new parent’s concerns, but as you can see, a solid plan for the future is truly the best way to provide a solid foundation for your new child. With only a little time and effort, you can establish a secure framework that will grow with your family for years to come!
You’ll want things like spacious private bedrooms, as much time as you like with your baby in your room, and the same helpful nurse for mother and child, there to answer all the questions you will have on the first day. Rideout Health offers free childbirth classes, too! To learn more, contact the Labor & Delivery Department at 751-4165 from 9a-3p, Monday through Friday.
Delivering Soon! Well Baby Nursery and Maternity Unit on floors 4 and 5 of the new Rideout Regional Medical Center. To learn more, RideoutHealth.org/expansion
Jackie Dailey is an Associate with the Law Office of Paulla Hyatt-McIntire. Her practice is focused on providing quality legal counsel for all levels of complexity in estate planning, trust administration, probate, business succession planning, and tax planning. Prior to joining Paulla’s practice, Jackie worked at Andersen Tax, a wealth and tax planning firm in San Francisco. In addition to Jackie’s experience in law, she enjoys taking weekend trips, going to Giants games, and coaching Moot Court for UC Hastings. ME AND MINE MAGAZINE | SPRIN G 2015
530.751.4165 RideoutWomenInfant.org |
.com/RideoutHealth
5