You're a young, married couple and just starting out in the world. You probably have small children and a large mortgage. Or, perhaps, you're a single parent, trying to make a life for yourself and your kids. Words like "assets," "estate planning" and "net worth" simply don't apply to you -- at least not yet. You don't have vast amounts of money in investments; you don't own lots of valuable property. If you died, there wouldn't be much to sort out financially, so, you certainly don't need a will. Or do you? The answer to that question is, yes, you do. A will, or even a living trust, encompasses many more factors than simply who inherits your money. There are several valid reasons why everyone, especially parents of young children, should have a legal will.
INITIAL PRE-FILING CONSIDERATIONS
Family law covers a broad range of issues, from separation and divorce to custody and adoption. Whether you’re a spouse, a parent, a child or part of a same-sex or unmarried couple, it’s important to consider a few financial and emotional factors before you embark upon a family law matter.
Taking a few simple steps before you file a petition can make a big difference later. In fact, certain actions are prohibited after filling, so you’ll want to be sure and take care of these ahead of time.