In addition, remember that they don’t have to be the person managing a child’s inheritance. If no guardians are named in your estate plan, a probate court a may appoint guardianship for you.īefore you name a guardian, make sure you talk to them ahead of time to get their consent. These may include minor children, a loved one with special needs, or aging parents under your care. The next step on the estate planning checklist is to consider who you’d like to care for your dependents (if any) at the time of your death. 3. Establish guardianship for your dependents A will is an important part of your estate plan, but an estate plan provides an overarching strategy for your end-of-life healthcare directives and asset distribution. Pro tip: Don’t confuse will preparation with an estate plan. In this document, you can name beneficiaries, designate guardians for minor children, and identify an executor for your estate - this person will be responsible for carrying out your wishes according to your will.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |