Of Particular Interest to Families
Planning for the Care of Children
Part of a parent’s responsibility to their children is making sure that the children will be provided and cared for if a parent becomes incapacitated or disabled. As a parent and an attorney, Attorney Miller is especially proud to be able to assist parents by preparing the necessary documents and providing the planning tools to make sure that every child is cared for in the event of death or disability of a parent. Although every situation is unique, our estate plans for parents generally include guardianship documents, wills and trusts which provides the parent’s directions for management of family assets in the event of death. Because we know how important it is to provide this protection for families and because we know there are a lot of financial pressures on families, we make every effort to make our family protection plans affordable for all families. Additional documents families should consider:
Appointment of Guardian and standby guardian: You name the person or persons you wish to take care of your minor children in the event of your incapacity or death.
Family Trust/Children’s Trust: Generally any property left to children will be held for them until they are 18 years old at which time the property is distributed to them. Most families are not comfortable with an 18-year-old having unrestricted access to large amounts of money, so we create a Family Trust which can hold money in trust for whatever time period specified by the parents.