It’s nearly incomprehensible for a parent to consider, but part of loving and protecting your family is providing for the possibility of events unfolding differently than you’ve envisioned.
The question of what will happen to your children without you or your partner will be answered one way or another. The amount of control you have over how that question is answered is entirely up to you.
Without sufficient planning, your family’s future will be decided by the judicial system. Setting up an estate plan makes sense for any individual, no matter their financial or personal situation, but for families with young children, drafting an estate plan is absolutely essential.
- What if I don’t have an estate plan?
- What are my planning options?
- Are there any special considerations for divorced parents and blended families?
- How do we choose a guardian?
- Why do we need disability planning and powers of attorney?