In attempt to express how much they love their children, parents sometimes say that they would die for their children. It’s a noble sentiment. However, very few parents have taken the time to think about what will happen if the platitude actually comes to pass. Probate attorneys see it time and time again. Parents die before their time and they have not planned for their young children.
When parents do not make plans for their children, the process for a Probate court to resolve matters is never easy or short. The great irony is that the process for parents to make plans ahead of time is very easy and very short. At a minimum, all the parents need to do is appoint a Guardian for the children in their Wills. The court will then give preference to the parents’ choice of guardian. Parents should do other things like planning for the financial care of their children and providing money for their education. Of course, parents should also talk to the potential Guardian to make sure he or she is willing to do the job.
It is easy to to make plans for the care of your children it you pass away. There is not excuse not to make them.
- My Parent/Spouse Shows Early Signs of Dementia. Can We Still Do Medicaid Planning? - July 20, 2015
- What Happens to a Living Trust When One Spouse Dies? - July 13, 2015
- Medicaid Spousal Impoverishment Rules - July 7, 2015