An estate plan is especially important for parents of children under eighteen. It creates a clearer, more stable path for your family if the unexpected happens.
Parents can nominate the person they believe is best suited to serve as guardian for their children. Without that guidance, a court must make decisions without the same personal knowledge of your family.
Planning also gives parents the opportunity to decide who should manage financial assets for children through a trust and a chosen trustee until those children are mature enough to manage inheritances directly.
Keep exploring this section.
What Is a Will?
Understand what a will does, what it does not do, and how it directs probate and guardianship planning.
Read moreWhat Is a Revocable Living Trust?
Learn how revocable living trusts can help with both incapacity planning and post-death administration.
Read moreIs a Will or a Revocable Living Trust Right for Me?
Compare common factors that influence whether a will package or trust package is the better fit.
Read moreWhat Should I Expect at Estate Planning Appointments?
Understand the intake, document review, and signing stages of the estate planning process.
Read moreEstate Planning Packages
Review the typical documents included in will-based and revocable trust-based planning packages.
Read more