Estate Planning for Minor Children
Every parent wants to make sure their children are provided for.
Are you the parent of minor children?
Is Estate Planning still on your to-do list?
You are not alone!
69% of parents have no protections in place for their kids should something happen to them.
As parents, we spend so much time deciding who to trust with our little ones for a simple night out.
But, have you ever thought about who would take care of them if something were to happen to us? Yikes!
By creating a plan ahead of time, you get to pick your dream team of “back-up parents” instead of leaving it up to a courtroom full of strangers.
Like with our own health, money, and other important things, we should have a say in who takes care of our kids. Proper legal planning can achieve that.
Contact us at (989) 567-2100 or click here to get started today.
How to select a Guardian for your minor children
No two families are the same. Choosing a guardian is a big decision and will be different for every family.
Here are some things to keep in mind when making your choice:
- Pick people who have similar beliefs and priorities as you, and who already have a good relationship with your kids.
- When choosing a married family member, consider naming just that one family member to avoid any complications in case of their death or divorce.
- Include provisions for compensating your chosen guardians and making sure they have access to the resources they need to care for your children.
- Ask the people you want to choose as guardians if they agree to it before making it official in legal documents.
Safeguard your children’s inheritance
Who will take care of the money you leave behind for your children when you die?
What if you and your child’s other parent are not together anymore? And even if they take care of your children, do you want them to also be in charge of the money?
Be very careful when choosing someone to handle the money left for your children. A fiduciary is a person or organization that is legally responsible for managing someone else’s money. They must follow strict rules and should be loyal to you and your wishes. It’s important to choose someone you trust.
Ready to put together a plan that protects your little loved ones? Contact us at (989) 567-2100 or click here to get started today.
We'll listen and plan your child's future
Don’t leave your child’s future to chance.
Great care must be taken when choosing people to take care of your children if something happens to you. It’s one of the most important decisions you will make in life.
Selecting guardians and assembling a financial plan ensures your children have a bright future in the event you aren’t around.
With a solid estate plan, you will no longer need to worry if your children will be taken care of in the way you would have wanted.
Contact us at (989) 567-2100 to get started today.
