Most parents of minor children put off estate planning because they do not think they have significant assets that need protection or because they cannot bear to think about not being there for their children. But the truth is that the only way to effectively protect those you love the most in the event of the unthinkable is through a thoughtful and well-crafted estate plan.
All parents, whether or not they own substantial assets, must have an estate plan in place to set forth their wishes for their children upon death or incapacity and in times of emergency. This plan must include several things, but chief among them is the nomination of a legal guardian. If you fail to name a legal guardian, the court will appoint a guardian for you based on what the court deems to be in the best interest of your children. This person may not be the person you would have chosen and will have absolutely no guidance in raising your children with the values you consider most important.
At Katzner Law Group, we will guide you in crafting a plan that will protect your children for the unexpected in life. We understand you want peace of mind knowing that you minor children will be raised by those you choose who share the values you cherish most. With this in mind, when we prepare an estate plan for the parent of a minor child we also provide, free of charge, a Child Protection Planning Kit.
The kit contains: