Estate planning for parents

By Beth Newcomb

While a dog adoption boom in 2020 may be one of the ways we’re going to remember the pandemic, 2021’s baby boom just might be the other. “If the pandemic didn’t pull your relationship apart, chances are good it brought you closer together,” smiles Jay Nabors, a Cleveland-based attorney who focuses on estate planning. “Just about everyone I know is having a baby.”

That’s an encouraging future statistic, with the yet-to-be-named generation currently enjoying gestation. For expectant parents, Jay says, it’s the time to plan for the unexpected. “If there’s one thing the pandemic taught us it’s the importance of estate planning,” he notes. “If you’re going to be adding to your family, now is the time to get your estate documents in place.”

Jay strongly suggests making sure you’ve chosen guardians for your offspring to ensure they’re raised by someone you know and trust. He also recommends getting a power of attorney for healthcare and finances, because unexpected hospitalizations or challenges during labor do happen. A trust might also be a good option.

Ultimately, Jay says, who you choose to be the guardian for your children is personal, and there is no right or wrong option. But because tragedy doesn’t discriminate, having your estate planning documents in order is key.

Jay is a partner with Weston Hurd LLP. Typically he sees clients at the firm’s office in downtown Cleveland, in addition to meeting with clients in Strongsville upon request. Virtual meetings, house calls and select evening appointments are available.

To reach Jay Nabors of Weston Hurd LLP, call him directly at 216-687-3205. His office is located at 1300 E. 9th Street, Suite 1400 in downtown Cleveland. Jay can also meet clients at 11221 Pearl Road in Strongsville.