If you are an individual or couple with young children, your estate plan should begin with a foundation that ensures your children will be taken care of, no matter what happens. At The Law Office of Laura E. Cowan, one of our areas of greatest focus is protecting minor children.
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 kids?
Of those who have, most have made one of 6 common mistakes most parents (and their lawyers!) make when naming guardians.
Don’t let this happen to your family!
NAME LEGAL GUARDIANS FOR YOUR KIDS FOR FREE BY CLICKING HERE.
Without proper planning, if the unthinkable happens to you, here’s what could happen:
Your children could be placed into Child Protective Services (CPS) even if you have a will in place; even if you have a living trust;
A Judge who doesn’t know you or your family will decide who will raise your kids, even if it’s the last person you would ever want!
Approximately 7% of the total value of your assets could be lost in probate, a court process that can tie up your assets for months or years and deprive your kids of the resources they need to live comfortably;
When your children turn 18, they get a check for whatever assets are left, with no protection whatsoever from creditors, lawsuits, or future ex-spouses;
Finally, there are unscrupulous people who make it their business to review public records to find out what 18 year-olds are coming into money.
The vast majority of estate planning attorneys do not address these issues, and do not plan from a parent’s perspective.
We have developed our practice to ensure these things don’t happen! That’s why we offer a Kids Protection Plan with every estate plan we do for families with young children. When it comes to estate planning, doing it yourself can be worse than having no plan at all. While over half of Americans pass away without a plan, so many more are under the impression that their loved ones will be taken care of with their do-it-yourself estate planning kit, when in fact, it could be just as easily taking their rights away.
Contact us now to learn how you can protect your minor children.