Did you know that 69% of parents have yet to name guardians for their kids? And, that of the 31% who have, most have made one of 6 common mistakes?
Having A Will Alone Simply Does Not Ensure The Care Of Your Kids If The Unthinkable Happens To You
If you a parent of minor children (or those with special needs) who are counting on you, your estate plan must begin with ensuring your children would always be taken care of by the people you want, in the way you want, no matter what.
At Family Legacy, one of our areas of greatest expertise is planning for the well-being and care of the children you love.
Without Proper Planning, If The Unthinkable Happens To You, Here’s What Could Happen:
Your children could be placed into child protective services until your legal documents are located or family is identified - even if you have a will in place and even if you have a living trust. Or worse, your kids could be left in the care of the one person in your family who you would never want to raise them.
A judge who doesn’t know you or your family will decide who will raise your kids, even if it’s the last person you would ever want.
Approximately 5-10% of the total value of your assets could be lost due to probate, which is a court process that can tie your assets up for months or years, depriving your kids of the resources they need to live comfortably.
When your kids turn 18, they get a check for whatever assets are left without any protection. There are people who make it their business to review public records to find out what 18 year olds are coming into money.
The vast majority of estate planning attorneys simply do not address these issues and do not plan from a parent’s perspective.
Yes, these things scare us too. That’s why we offer kids protection with every estate plan we prepare for families with minor children.
What Is Kids Protection?
Kids Protection is a set of instructions, legal documents, and even an ID card for your wallet. You need to have these if you have kids at home who count on you for their well-being and care.
If you’re in an accident, Kids Protection will make sure your children are never taken into the custody of child protective services, strangers, or the care of anyone you wouldn’t want. The authorities will have clear instructions from you. And, Kids Protection will ensure your children are raised by the people you choose instead of being chosen by a judge who doesn’t know you.
To get started with Kids Protection or with additional questions, simply call us. You can also schedule your Planning Session using the button below.
Kids Protection