Protecting Your Little Ones

The Wall Street Journal typically focuses their editorial slant on financial assets, but an article last week actually touches on a much more important aspect of estate planning: Who will take care of your child(ren) if you die? It’s a tough question to face, but if ignored, it leaves the fate of an orphaned child entirely up to someone who usually is a stranger – a judge.

If you are the parent – or grandparent – of a minor child, here are some tips that might get you (or your adult child) motivated to complete proper planning:

Choose a guardian for now. Remember, you can change your mind and modify your will in the future.

Think outside the box. The guardian you name does not have to be a blood relative.

Remember that nobody’s perfect. You probably are not a “perfect” (i.e., flawless) choice to parent your own children – neither is anyone else.

Consider a mixed approach. You may want to name a guardian for your children, someone who is great with the kids; and a guardian for the estate to handle the finances.

Do you know what the single most important aspect of a Will is? Getting it done of course. All the great intentions and discussions will accomplish nothing without the completed documents. Call us today and let’s get started on the documents you need to protect your loved ones now and into the future. Remember, good planning is no accident.

Idaho Estate Planning

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