Lake Norman Minor Children & Young Adult Planning Attorney
Professional Guidance for Families in Cornelius & the Greater Charlotte Area
Planning for Young Adults in Charlotte NC
The vast majority of people under the age of 55 do not have estate plans in place. On the one hand, this makes sense because younger adults are less likely to pass away. However, many of them are also the parents of minor children, and a lack of planning puts the youngsters at risk.
Guardianship
When you are planning your estate as the parent of a minor child, guardianship is the first order of business. You should draw up a will and name an individual of your choosing who will step in and act as the guardian for your child or children if both parents pass away.
If you do not take this step, the state will make the decision for you. Under those circumstances, there can be disagreements among family members, and the outcome may not be consistent with the choice you would have made.
Life Insurance
Many younger adults have not had enough time to save a significant amount of money, and this is understandable. However, from an estate planning perspective, there is another option to provide financial support for your loved ones if the unthinkable takes place.
Life insurance is a popular solution and the premiums for a term life plan are affordable when you’re still young and healthy. This is life insurance that has no cash value, but it will pay out a death benefit if you pass away while the policy is in effect.
Living Trust for Charlotte Minor Children Planning
You can empower someone to handle life insurance proceeds and other assets for you if you should pass away. These assets would be ones that you would be leaving to your minor children. To address these items, you can establish a revocable living trust.
While you are living, you would maintain complete control of the assets because you would be the trustee. After your death, a successor trustee that you name in the trust declaration would assume the role, and they could manage assets on behalf of the minor child.
Concerning life insurance, your trust could be the beneficiary of the life insurance policy, so there would be a turnkey solution in place.
Decades of Experience
Helping Clients Protect What Matters Most
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Recognized Leaders
Our legal affiliations reflect our commitment to advanced training, ongoing education, and elevated estate planning standards.
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Convenient Office LocationsWith multiple office locations and flexible virtual meeting options, we make it easy to meet in the way that works best for you.
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Education-First Approach
We believe you should fully understand the documents you sign. Our team takes the time to explain your options and ensure you leave with confidence, not confusion.
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Law Made Simple
We’ve built a streamlined, guided process that makes legal documents easier than you think. We offer flexible virtual meetings and clear next steps at every stage.
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Educational Resources and Supportive GuidanceWe provide educational resources to help you understand your options and make informed decisions.
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Comprehensive Protection for Your Future and LegacyThe firm guides clients to ensure both peace of mind and meaningful protection for loved ones.
A Reputation Built on Trust and Results
You Deserve Honesty, Dedication, and Strong Legal Advocacy
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“Punctual, responsive, is what I look for as my time is valuable. Beth was great about explaining, providing examples, and helping me get through the process.”- D. Washington
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“Beth and her team were efficient, proactive, professional, and excelled at their communication. Really appreciate the help to get my Will and related documents ready and in place. Thank you.”- Joe M.
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“Very friendly and knowledgeable customer service. We had our will completed. Last year we closed on our house with Knipp law. I highly recommend them.”- Brian Miller
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“Beth and her team were absolutely amazing. Answered all of my questions and prepared everything quickly. Thanks for the amazing work.”- Jeffrey Paul Wolff
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“Beth Marks was very professional to deal with, no nonsense get it done approach. She was able to prioritize our needs. Very detailed and thorough. Explained the documents well. Love her dry sense of humor. We have also used them for 2 real estate deals and experienced the same level of professionalism.”- Barb McCabe
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“My wife and I had an exceptional experience with Knipp Law Firm. Tarrah Brown was extremely helpful, answered all of our questions and communication was great throughout the entire process. Will definitely recommend to others and will use them ourselves again in the future!”- Andrew Palladino
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“Excellent service from start to finish. Staff were knowledgeable and very receptive to all my wishes as a client.”- Keye A.
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“This people are the best! Easy to work with. Very caring and concerned about my family’s future. Nothing but good vibes from this firm. Thank y’all so much for everything. Tim”- Cackalacka Boi
