Regardless of the size of your assets, if you have a child at home who depends on you, you really should consider having an attorney help you prepare a Will and Trust for your minor children.
This plan begins with naming legal guardians to raise your children if anything happens to you both you and your spouse, temporary guardians if your permanent guardian are unavailable, and conservators to help with the day-to-day finances. But, that’s just the beginning. Your Will can also provide detailed instructions about things like health care, education, discipline and your values, so your children are raised the way you want. And if your children are under the age of 18 you should also consider adding a trust for them, since minors cannot hold property.
A Will is a document that can be updated as you and your family grows. Decisions made now will probably change over the years. And that’s great! Making those changes, in general, is very easy. What is not easy is addressing the death of a parent who chose not to leave their wishes in written form and now the court has to do so for you, with no guidance, with no idea if the court’s decisions are contrary to yours and at a great expense to your family and estate.
As always, if you have any questions, please feel free to contact Michelle-Shari Kruss directly anytime.
Michelle-Shari Kruss, Attorney at Law
