Planning for the Lifetime Care of Your Children Have you ever thought about what would happen to your children if the unthinkable were to happen to you? If you are a family with young children, then your estate plan should begin with a foundation that ensures your children will always be taken care of, no matter what happens. We firmly believe that every family with minor children needs some kind of plan for your caregivers and loved ones to know exactly what to do if there is emergency, so that there is no chance your children would be placed in the hands of strangers.
Many parents put off estate planning because they think they don’t have significant assets or they’re still young. However, without proper legal planning, Child Protective Services could step in to protect your children. Oftentimes, they will take your children out of the house and into the hands of strangers until a court appoints a guardian for them. Also, your children may not have access to your assets or finances without going through an expensive and time-consuming process to gain access to your funds for them. Or, your assets could be distributed outright to your children before they are mature enough to handle a great responsibility and may put their inheritance at risk of immediate loss.
But with proper planning, you can name temporary and permanent guardians for your children and set up legal documentation to ensure your children are protected physically, financially, emotionally, and spiritually if something were to happen to you and your spouse.
With the Children Protection Plan, you can be assured that your minor children will be raised by those whom you choose, not someone chosen by a judge who doesn’t know you or your situation. You can provide for the short-term, temporary care of your children if you are not able to, as well as provide for the long-term care of your children until they become adults.