If you have young children, chances are your summer activities include some careful planning to keep them safe from harm. Unfortunately, even with proper precautions in place, accidents do happen – and not just to children. Have you planned for what would happen to your children if you were the one involved in a tragic accident?
If you don’t put the proper legal protections in place and the unthinkable happens to you, any number of things could happen to your children, and none of them are good:
- Your children could be put in the care of Child Protective Services. You never want strangers determining your children’s fate, even temporarily.
- Your children could be put in the custody of someone you would never want to have control over them by a judge who does not know anything about you or your family dynamics.
- Your family could get into a fight over the custody of your children (and control of any assets you leave your children).
- Your estate can be thrown into probate, with a large portion of your assets going to court costs and legal fees — money that your children could have used in the future.
- Whatever is left over would go to your children as soon as they turn 18, in one lump sum they will likely not be prepared to handle properly.
- Your children’s inheritance would be a matter of public record, putting every predator and scam artist on notice with details about the assets being transferred along with access to your children’s personal information.
Since there are so many bad things that can happen to your children should something bad happen to you, we have developed the Kids Protection Plan® for families with young children. This plan includes a comprehensive set of instructions and legal documents that will ensure your kids will be raised by someone of your choosing and that your assets are protected for their well-being.
To get started ensuring your kids will always be protected, call our office today to schedule an appointment for a complimentary Family Estate Planning Session to identify the best ways for you to provide a legacy of love and financial security for your family, no matter what.