What Would Happen to Your Kids if the Unthinkable Happened to You?
Did you know that 69% of parents have not yet named guardians for their children? Of those who have, most have made one of six common mistakes most parents (and their estate planning lawyers) make when naming guardians. If you are a family with young children, then your estate plan should begin with a foundation that ensures your children would always be taken care of, no matter what happens. At Voyant Legal, one of our greatest areas of expertise is protecting minor children through child protection plans.
Without proper estate planning, if the unthinkable happens to you, here is what could happen:
Your children could be placed into Child Protective Services (CPS) even if you have a last will and testament or a living trust in place.
A judge who doesn’t know you, or your family will name your children’s guardian, even if it’s the last person you would ever want raising your children in your absence.
Approximately 3% of the total value of your assets could be lost due to probate, which is a court process that can tie up your assets for months or years and deprive your children the resources they need to live comfortably.
When your children turn 18, they will receive a check for the value of the remaining assets immediately, even though they may not be financially pasture enough to manage such a large sum.
There are dishonest individuals who review public records to discover which people will be receiving funds from trusts or estates. These individuals use this information to take advantage of a beneficiary.
The vast majority of estate planning attorneys do not address these issues, and do not plan from a parent’s perspective.
Estate Planning Services
At Voyant Legal, we provide effective child protection planning and estate planning services to protect you and your family. With every estate plan that we advise, we always offer a child protection plan for families with young children.
Schedule a free consultation now to ensure your children are taken care of with Voyant Legal’s estate planning services.
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