Are Your Minors Protected?
Some people name their minor children to inherit money or other assets in their Last Will and Testament. You should really give some thought about who will be the physical guardian of your children and who will be the guardian of finances. If the words “for their benefit” are in the will, what does this really mean? What if the guardian thinks that a new Mercedes SUV is necessary for transportation of your children since it is larger than their Honda Accord? Is that choice okay with you? Be sure that you trust your choice of guardian(s), and discuss guardianship with a qualified attorney so that you have a plan in place if you were to need it. Contact Elder Law Firm for a 15-minute consultation to discuss your situation.