The nomination of a guardian should enter the picture when you are planning your estate as a parent of a young child. Who would take care of your children if you and the other parent were to pass away together in an accident? What if you are a single parent? Who would become the caregiver if you were to pass away? You answer these questions when you nominate a guardian. This is something that is typically done when you create your last will. The court is not absolutely compelled to appoint the …
Question for Procrastinators: What About the Children?
Young adults may hear about the topic of estate planning and quickly hurry on feeling as though it is something that is only applicable to older people. Of course it is absolutely true that senior citizens pass away more frequently than people who are in their 20s, 30s, and 40s. But then again, the children of senior citizens are going to be people who are already grown up and self-supporting. So yes, it is less likely that younger people will pass away, but the consequences of a lack …
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