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GUARDIANSHIP

How to Choose a Guardian for Yourself

By |2019-06-05T09:59:39+00:00April 30th, 2019|Categories: ESTATE PLANNING, GUARDIANSHIP, POA|Tags: |

Every day we make hundreds of decisions from what to eat for breakfast to where we go on vacation.  With each passing day, there are more choices to be made.  But, what will happen if you can’t make decisions for yourself?  Before that time comes, there is one important decision you need to make. Who do you want to serve as your guardian? For those of you who have had your estate planning recently done or reviewed, you probably discussed and executed a Financial Power of Attorney. For those of you on the fence about having your estate planning completed, [...]

DO IT NOW: NAME A GUARDIAN FOR YOUR MINOR CHILD(REN)

By |2019-06-05T10:01:40+00:00April 5th, 2019|Categories: ESTATE PLANNING, GUARDIANSHIP|Tags: , , |

We know it’s hard. Thinking about someone else raising your children can stop you in your tracks. It feels crushing and too horrific to consider. But you must. If you don’t, a stranger will determine who raises your children if something happens to you – your children’s guardian could be a relative you despise or even a stranger you’ve never met. No one will ever be you or parent exactly like you, but more than likely, there is someone you know that could do a decent job providing for your children’s general welfare, education, and medical needs if you are [...]

DO IT NOW: NAME A GUARDIAN FOR YOUR MINOR CHILD(REN)

By |2019-06-05T10:23:25+00:00August 23rd, 2018|Categories: ESTATE PLANNING, GUARDIANSHIP|Tags: |

We know it’s hard. Thinking about someone else raising your children can stop you in your tracks. It feels crushing and too horrific to consider. But you must. If you don’t, a stranger will determine who raises your children if something happens to you – your children’s guardian could be a relative you despise or even a stranger you’ve never met. No one will ever be you or parent exactly like you, but more than likely, there is someone you know that could do a decent job providing for your children’s general welfare, education, and medical needs if you are [...]

HOW TO CHOOSE A GUARDIAN FOR YOURSELF

By |2019-06-05T10:49:28+00:00August 23rd, 2018|Categories: ESTATE PLANNING, GUARDIANSHIP|Tags: |

Every day we make hundreds of decisions from what to eat for breakfast to where we go on vacation.  With each passing day, there are more choices to be made.  But, what will happen if you can’t make decisions for yourself?  Before that time comes, there is one important decision you need to make. Who do you want to serve as your guardian? For those of you who have had your estate planning recently done or reviewed, you probably discussed and executed a Financial Power of Attorney. For those of you on the fence about having your estate planning completed, this is [...]

SHOULD YOUR CHILD’S GUARDIAN AND TRUSTEE BE THE SAME PERSON?

By |2019-06-05T11:03:47+00:00August 23rd, 2018|Categories: ESTATE PLANNING, GUARDIANSHIP|Tags: , , |

If you have overheard any discussion about estate planning, you have likely heard the words “guardian” or “trustee” tossed around in the conversation. When it comes to estate planning, who will be ultimately in charge of your minor child is an important decision that requires consideration of many factors. Although there is no substitute for you as a parent, a guardian is essentially someone who steps in as a parent, assuming the parental role and raising the child through adulthood. A trustee, on the other hand, is in charge of managing the financial legacy that has been left behind for [...]

FIVE CONSIDERATIONS WHEN SELECTING A GUARDIAN FOR YOUR CHILDREN

By |2019-06-05T11:09:54+00:00August 23rd, 2018|Categories: ESTATE PLANNING, GUARDIANSHIP|Tags: , |

There is no question that having children changes everything — and estate planning is no exception. If you and your spouse pass away or become legally incapacitated, and arrangements were never made in the event of such an emergency, your minor child or children will have to be placed with a new family. Not surprisingly, such a drastic change can be a disruptive process for minor children — even if they are placed with members of your family. If you choose a guardian for your child in your will or other estate plan documents this difficult time can go much [...]