The Estate & Asset Protection Law Firm Owner, Shannon Pawley, Urges Parents Of Minor Children To Establish An Estate Plan.
Estate & Asset Protection Law Firm Owner, Shannon Pawley, writes about the importance of and estate plan for parents of minor children to ensure their children were properly cared for in the event of the tragic death of both parents .
DECATUR, GA, April 18, 2022: Shannon Pawley, Owner of The Estate & Asset Protection Law Firm, has posted a new article on the law firm’s website entitled “Importance of Estate Planning Documents When You Have Minor Children.” Ms. Pawley elaborates on the many considerations should tragedy strike and the comfort provided when it doesn’t.
“An estate plan is not merely a vehicle for avoiding estate taxes upon death,” Pawley writes, adding, “though many wealthy people view them in this light.” She continues, “However, an estate plan is far more important for other things particularly when you have minor children, whether you are wealthy or not. While most young people don’t think about estate plans, those who have young children should.” She explains, “An estate plan typically consists of a will, a power of attorney, and an advance medical directive. When you have minor children, these legal documents will express your wishes for their care in the event something happens to you and/or your spouse.”
As Pawley points out, “In most cases, married couples leave their estates to each other upon the first spouse’s death. It is expected that the surviving spouse will use the inherited assets to care and provide for the surviving children. But” she asks, “what if both parents die simultaneously and leave minor children? This happens more often than you would think. Literally hundreds of thousands of children lost parents to COVID-19. And this is when an estate plan becomes extremely important.”
Pawley acknowledges that, “None of us knows what will happen to us in this life. Tragedy strikes swiftly and totally unexpectedly. If you have young children, it’s so important to draft an estate plan to ensure that they will be cared for according to your wishes and will be placed with an appropriate guardian.” She adds, “It’s so much more comforting to be prepared. If you never have to use your estate plan, so much the better.”
The entire article can be read at LINK HERE
About The Estate & Asset Protection Law Firm
The Estate & Asset Protection Law Firm was established to serve the legal needs of retiring citizens. The Firm focuses its entire practice on providing strategies to protect independence, privacy, assets and taxes from the government. Shannon Pawley has grown her law practice by providing excellent customer satisfaction with personalized wealth protection plans.
About Shannon M. Pawley, J.D., LL.M
As the owner of The Estate & Asset Protection Law Firm, Shannon M. Pawley and her entire team share a passion which focuses on being able to serve the legal needs of retiring individuals. In our firm, WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability. We also believe that privacy and protection are the keys to personal peace. Born and raised in the Tidewater area of Virginia to a tightknit family with strong military service roots, Shannon learned from an early age the value of hard work and the importance of social awareness to ensure you always leave a situation in a better place than how you entered it. In her junior year of high school, Shannon served as U.S. House of Representatives Page during the 101st United States Congressional Session in Washington, D.C. This experience exposed her to numerous new cultures and worldly issues. Walking away from her experience as a U.S. House of Representative Page, Shannon knew that she wanted to pursue legal studies and be able to assist others in obtaining the best results available in difficult situations.
Shannon earned her undergraduate degree at North Carolina Wesleyan College and pursued a law degree from Michigan State University College of Law. After obtaining her law degree and becoming a licensed attorney in Michigan, she continued her educational pursuit by acquiring a LL.M. (Master of Law) in Taxation from Wayne State University. After moving to Georgia in 2018, Shannon obtained her Georgia law license and has enjoyed being able to pursue her desire of ensuring persons are able to age with dignity, grace and independence.