YOUR RIGHTS AND RESOURCES
Every week, I make a batch of scratch-made muffins for my husband, Mike , and our children. The flavors vary, sometimes chocolate, blueberry lemon, cinnamon and sugar, or whatever inspires me that morning. It's become a lovely, warm way to kick off our week with a moment of connection, and I thought it would be equally as nice to connect with our client family on our site each Monday morning by answering common questions about estate planning, wills and trusts, powers of attorney, and more! One of the most common questions I get asked is, “Do I need a trust?” Usually a friend or coworker mentions that they got a trust with their estate planning attorney, which leads someone to call me and ask about trusts. The answer to the question is of course every lawyer's favorite answer, which is ‘it depends.’ As part of our thoughtfully curated process, when you call to learn more about a trust, it is helpful for us to schedule a consultation so I can better understand your family and finances, goals and needs. I'll ask questions about your family, work, and finances like what your marital status is, do you have children and if so how old are they, and what kind of property you own.You'll receive a list of the types of questions I'll ask in advance, so you can feel more prepared for our meeting and feel more at ease. As an estate attorney, this helps me assess whether a revocable trust (or sometimes more than one) is right for you. There are two main types of trusts (revocable and irrevocable trusts). I'll explain the difference in another post. For today's post, I'll be talking about revocable living trusts. There's typically two reasons why I recommend a trust (I'll cover the second reason next week!). The first instance where I recommend a revocable trust is if you have minor children. This is because if you pass away, and a minor child inherits from you, a conservator is usually appointed to oversee the child’s money until the child is of legal age to take control of their own money. The conservator could be someone you know or it could be someone appointed by the court, however, either way this would involve a court proceeding after you pass, which can be complicated for your loved ones to navigate, especially in the wake of your passing. Generally, if the conservator is someone you know who asks the court to allow them to serve in this capacity, that person may have to go through a process to get a bond, get fingerprinted, and more. Then, there's court oversight where your child’s conservator may need to give the court annual reports about how the money is being invested or spent. This can be time consuming and inconvenient for your loved ones. When your child reaches the legal age to take control of their money (usually 18 years old) they would receive their full inheritance all at once in a big lump sum payment. Most parents don't want their children to receive a large payout at a young age like eighteen. There are no guardrails to help your child manage a windfall in a situation like that. Many parents want to ensure that any money their child inherits would be able to benefit the child long-term rather than be spent in a flash before the child is even in their twenties. Instead, you can establish a revocable living trust where you direct all of your assets after you pass away and create safeguards for your children where you determine what age they are when they inherit. For example, many of our clients will direct that their children may inherit 25% at age 25, 25% at age 30, and the remainder at age 35. There are lots of ways you can go about distributing your children's inheritance to them, but the main thing to know is that a revocable living trust allows you to make those kinds of decisions while also appointing someone you know and trust to oversee the money on behalf of your children in the interim. This way, you can have conversations with your appointed successor trustee (the person who would manage the trust after you pass away or if you become incapacitated) about how you want them to manage the money on behalf of your children. What type of expenses should be prioritized? Are there special things that are meaningful to your children you would want to continue to finance through your trust? Setting up a trust doesn't have to be complicated, either. My job as a wills and trusts attorney is to help guide you through the choices you can make in your trust. I try to approach the process the way I would want a professional to guide me if I needed to create a document I wasn't familiar with for my children. It's important to get the details right. We take our time to get to know your needs and concerns so that your last will and testament and trust effectively work together for the best possible scenario for your loved ones, especially your children. As part of our process (after your free consultation), we schedule a detailed design meeting to go through the key provisions in your estate plan including your durable power of attorney, medical power of attorney, living will, HIPAA waiver, and will. During this meeting we help you choose the terms that feel right for you and your family. Then, we'll review those terms together during your document review to make sure you are comfortable with your plan and that it achieves your goals. Creating a will and estate plan should be a collaborative relationship with your estate planning attorney. Estate planning is a critical component to protecting your children, and we'd be glad to help you accomplish this important step for your family. Please introduce yourself here and let us know how we can help you create your estate plan today. ***This is not meant to be legal advice or to establish an attorney-client relationship with any reader. These topics are also stare-specific and what may be true in the states where I'm licensed to practice law (Nebraska, North Carolina, and Virginia), May not be true in other states***
Taking Control (By Hillary) Let's be honest, 2020 was a mess. Not a beautiful, tangled up, heap of life mess. It was wave after wave of stress, mess. A twenty car pileup kind of mess. A train derailment mess. It was just bad. I'm not particularly a fan of messes. I struggle with letting my toddler son make a mess of things. With so much to do already, who has the time to clean up an extra mess? Sometimes that's a legitimate excuse. Sometimes it's me needing to keep everything in a tidy container. And by 'everything' I mean life. I need to keep my life on the tracks to avoid any messy derailments. Control is the key. In fits of anxiety I put toy cars away in their garage, sanitize baby crinkle books and put them in their basket, and vacuum, sweep, fold laundry until I fall into our easy chair in an exhausted heap. There are things we can control, and then there are things we can't. I remember my dad always loved the serenity prayer, the one that says, "God, grant me the serenity to accept the things I cannot change, courage to change the things I can, and wisdom to know the difference." The same probably applies to things we can control. I can control a lot of messes, but the truth is a few extra cracker crumbs isn't what keeps me up at night. It's worrying about paying bills, putting food on my family's table, and making sure my babies are learning, growing, and loved. This week, after an hour long call, a client and I were talking about this, about stress and worries and taking control. For her, knowing her end-of-life wishes would be respected, that her children would be taken care of, and her affairs would be in order, this was a huge relief to her. She said she would be able to sleep well for the first time since Covid brought some of these issues starkly into focus for her and her family. As I'm typing this, my five month old daughter is asleep on my chest. My almost three year old son is sleeping next to me. There's a pile of laundry that needs to be sorted and folded. Dishes that need to be washed, dried, and put away. And I never got a shower after my workout, because my daughter needed to nurse and fell asleep on me instead. What I'm coming to understand is there will always be messes. Chaos is part of life, especially with two littles. I am learning to take control of the things I can, the things that need controlling. And then letting everything else go with the flow. Taking Control ( to take control of your end-of-life planning such as drafting a will, please give us a call. We'll help you get organized so you can enjoy the things that really matter in life, like the sleepy smiles of a contented baby. For more on getting organized, check out our video HERE .
By: Hillary D. Vaillancourt, Esq. Most of us don’t give much thought to having a will until we welcome our first child. Then, somewhere in the back of our minds, we start to wonder, What happens to my child if something happens to me? However, too many families do not have an estate plan (a will, a medical directive, a healthcare proxy, and a power of attorney). You know you need one, but you drag your feet hoping nothing bad happens (and most likely stressing about it in the meantime). You’re not alone. In fact, Mike and I had trouble creating our own estate plan, and I’m an estate planning lawyer! Why? One of the most common reasons why families fail to have a plan is because they can’t decide on a guardian for their child or children. That was the reason Mike and I struggled to draft a plan when we welcomed our now toddler son. We love our family members and have really great friends, but who was just right to step in and take our place if we should both pass away? The truth is, nobody is ever going to love and care for your children the way you do. You’re their parents. You have been there through the boo-boos and nightmares, the first words and coos and hugs and smooches. You may have carried your child. You may have watched your partner carry your child and seen the little toes and fingers punching against Mama’s belly. The bond of parenthood is unlike any other. It is also true, however, that failing to have a plan at all means your children may end up in foster care at least for a time until legal guardianship can be established. Meanwhile, your children will be in the care of strangers instead of with someone you love and trust. So, how do you finally decide who should serve as a guardian of your children? Make a List Most likely if you think of all the people you know who you would prefer to take care of your kids more than a foster family, you can come up with a pretty hefty list. I have the utmost respect for foster families, by the way. This is not meant to villify foster families at all. But, we generally would prefer that our children be immediately brought into the care of trusted family or friends known to us than a foster family, especially in the aftermath of a crisis such as your passing. Determine Your Values After you have your list of all of your potential candidates, the next step is to consider what your core values are and the values with which you want your children to be raised. Is eating clean food and spending time together eating at the table as a family important to you? Or, maybe you don’t care how many times you eat meals from the drive-thru so long as your kids stay active and are in lots of activities. Maybe it’s important to you that your children learn the value of giving back and volunteering. Or, maybe you want your kids to know the value of the dollar and working hard to be financially stable. Whatever the case may be, think about what value system you are instilling in your children and which of those values is of most importance to you. Narrow Down Your List Once you have your overall list, you can see that there are probably quite a few potential candidates for guardianship of your children. Your task now is to narrow down your choices according to who best shares your value-system. Most parents first think of who might have the finances to care for your children. But, instead, you want to think about which of your family and friends would raise your children with the values you care most about. You want to also choose at least one back-up guardian, but ideally two. This way, as circumstances change in your loved ones lives, if the first or second guardian is unable or unwilling to serve as guardian, you still have another option as a trusted guardian for your children. No matter how you slice it, choosing a guardian for you children can be an emotional process. But, having gone through this ourselves, we can assure you that once you have chosen a guardian, there is an immense sense of relief knowing you have someone in your life that can step in and care for your children should the need arise. If you need additional guidance, please contact Hillary or Mike at The Vaillancourt Law Firm, LLC. We are happy to help protect your family.
In our lives, we cannot recall a time where there seems to be so much division in the country. It is easy to choose to stay silent to avoid conflict and not alienate potential clients. But, we want to be very clear that we care deeply for this country and believe that ALL who inhabit this country are entitled to the civil liberties and civil rights our forefathers and foremothers have fought so hard for. We believe that color, race, creed, gender, immigration status, sexual orientation, etc. are no way to judge another human being. And, we believe that civil disobedience is patriotic. Indeed, it is exactly what founded this nation of ours. As an attorney, I took an oath to support the Constitution of the United States. Within the Constitution and the Bill of Rights are certain enumerated powers belonging to the citizens of this country. Among them is the right to peaceably assemble. We support the many men and women of color and their allies who are fighting peacefully for equality and for justice in the wake of so many recent atrocities committed against people of color. We hope that you will join us in trying to find ways to engage in meaningful dialogue about these issues and to bring about much needed change to ensure that the recent events leading to the protests do not happen again. Hillary & Mike
WHAT ARE YOUR CHILD’S SPECIAL EDUCATION RIGHTS DURING THE CORONAVIRUS PANDEMIC?
Like so many other parents, I find myself homeschooling during the Coronavirus outbreak. And, I had to ask myself, can I really be a homeschooling lawyer mom? My two-year-old son has had a history of digestive and minor medical issues my husband and I believe are related to food allergies. Unfortunately, so far, we haven't been able to get any good answers as to what causes our son's discomfort. Meanwhile there was a confirmed case of flu in my son's daycare class. We are all still recovering from a vicious stomach bug at the end of January. And, honestly? I don't think I could go through that ordeal again, at least not so soon and definitely not 5 months pregnant. My son's daycare wasn't closed due to the Coronavirus, but my husband and I made the decision to withdraw my son to help pinpoint better his food issues and to keep all of us as healthy as possible. While for many parents this is a temporary change, homeschooling my son is something I've been interested in for a long time. The recent circumstances pushed us into it sooner than I anticipated, however. But, for us, this will be a permanent change. Family first. Always. In truth, I am so glad to have this time with my son. But, I'm equally anxious wondering how I'll find the time to accomplish what's needed for my clients, the time to spend with my husband, and the time to invest in myself, too. Today, I learned I actually can find time for all of the above. My son, cuddled next to me, was curious about the email I was typing to a client this morning. He kept trying to bang on the keyboard. At first, I panicked. Then, I started asking him for the next letter I needed. He found the letter, and I helped him press the key. A while layer, I finally hit 'send.' My client email went out, my son practiced his letters, and I felt a massive sense of relief. Yes, I can be a homeschooling lawyer mom. I'm excited to share my family's journey with you and hope you'll share your tips and tricks with us!
Come meet us at the Kids' Expo in Canton, NY on March 14, 2020. We will be offering 10% off all estate plans for anyone who signs up at the expo!