Voyant Legal | Child Protection Plans | Establish Guardianship

What Would Happen to Your Kids if the Unthinkable Happened to You?

If you are a parent with young children, you likely spend a great deal of time and resources on their care and protection. Have you named a legal guardian for them? Surprisingly, around 69% of parents do not have any legal guardianship documents in place for their young children. Of Those who have, many have made one of six common mistakes that most parents (or their estate planning lawyers) make when naming guardians.

If you have young children, your estate plan should begin with a foundation that ensures your children and beneficiaries will always be taken care of and protected, no matter what happens to you. At Voyant Legal, one of our greatest areas of expertise is protecting minor children through the creation of a legal child protection plan.

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Without proper estate planning, if the unthinkable happens to you, here is what could happen:

No one wants to think about what life would be like for a child without a proper child protection plan, however, it is a very important question. Below are a few of the unfortunate circumstances some children find themselves in after a sudden family tragedy:

Some children are placed into custody of the government through Child Protective Services (CPS), even though a last will and testament or living trust is in place.
A judge, who doesn’t know you or your family, could be required to determine your child’s guardianship, and may name the last person you would want to raise your child in your absence.
Approximately 3% of the total value of your assets could be lost in the cost of probate, a court process that can tie up your assets for months or years and deprive your child of needed resources.
When your child turns 18, they receive a check for the value of the remaining assets whether or not they are mature enough to manage these assets. There are individuals who review public records to discover when these kids will receive the funds from trusts or estates. These individuals attempt to use this information to take advantage of these young beneficiaries with little life experience in handling these situations.

At Voyant Legal, we create child protection plans as a part of your overall estate planning process to see your children through to adulthood. There is no way to put a price tag on the peace of mind that comes from knowing there are no loose ends when it comes to your child’s guardianship.

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Estate Planning Services

At Voyant Legal, we provide effective child protection planning and estate planning services for you and your family. With every estate plan that we advise, we always offer a child protection plan for families with young children.

Schedule your free consultation now to ensure your children are taken care of with Voyant Legal’s estate planning services.

If you have not made these provisions for your young children, the time is now.