An estate plan is not just about you. If you have minor children, you need to account for their needs.
Your will can nominate a guardian for your minor children in the event that tragedy befalls you. Usually, the court appoints the nominee unless there is a good reason not to. Having a backup guardian is recommended. Your will can also set up a trust and appoint a trustee to manage accounts and property for your children’s support.
A power of attorney delegating parental power lets a parent delegate the care of their child for a certain period. The named caregiver is legally permitted to make necessary decisions for the minor, such as their schooling and healthcare. The caretaker can have complete or limited authority over these decisions.
To start planning now, call to schedule a meeting with our attorneys.
