Long Island estate planning attorneys help you to plan ahead for what happens when tragedy strikes your family. We can assist you in making plans in case you become incapacitated and we can help you to plan for end of life issues as well as for what happens after you pass away. It is important not only for older people to make these plans, but also for young people as well- especially once children are born and parents must make plans for what will happen to their kids if the parents are not able to raise them to adulthood.
Eghrari Wealth Training Law Firm can provide you with assistance in taking the necessary steps to make an estate plan that protects your young family. One of the most important of those steps involves naming a legal guardian for your children who will be able to take custody of the kids and raise them if you become incapacitated or if you pass away before the children become adults. Our Long Island estate planning attorneys will assist with this process, so give us a call to find out how we can help.
How to Pick a Legal Guardian for Your Children
When selecting a guardian who will take care of your children in case something happens to you, you should consider who you feel will best align with your values and who will raise the children in a way that you would have preferred. You should also consider the health and age of the person who you are selecting as your children’s guardian. You ideally want to select a guardian who will be able to parent the children into adulthood as you want to reduce the chances of additional disruption in your child’s life.
It is important to make certain that the person who you select as a guardian for your child is willing and able to take on this responsibility. You should strongly consider talking with the chosen guardian first in order to make certain that he or she is willing to assume responsibility for the children throughout their lifetimes.
If you are concerned that your family members may not agree with who you have chosen to serve as a guardian for your children, it can be a good idea to have a discussion with your loved ones before something happens to you when you have made the choice of who will serve as guardian. You can discuss your choice so your family members understand why you made the decision you did. This could help you to reduce the chances that your wishes regarding your child’s guardian will be challenged after you have passed away. You do not want your kids to become caught in the middle of a custody battle after your death because your family members are trying to argue that your chosen guardian shouldn’t actually be given custody.
You will also need to consider how to provide financially for your children. One of the best options is to use a trust. You can name a trustee with a fiduciary duty to manage the trust assets on behalf of your children. You can provide specific instructions in your trust document for how the money will be used to ensure that you have control over what happens to your child’s inheritance even after you have passed on.
Getting Help from Long Island Estate Planning Attorneys
Long Island estate planning attorneys at Eghrari Wealth Training Law Firm will guide you through the process of using estate planning tools effectively to protect your underaged children. We can help you to name a guardian, to make plans for your children’s financial support and to take other steps necessary to ensure your children are provided for even if something happens to you before your kids become adults.
To find out more about how our firm can help you with making plans for your children’s future, join us for a free seminar. You can also give us a call at (631) 265-0599 or contact us online to get personalized help with all aspects of the estate planning process. Call now to get your plans in place.