Estate Planning for Minor Children – Protecting Young Children
Serving Clients on Cape Cod, Plymouth and Southeastern Massachusetts
Many clients are concerned about estate planning for minor children as soon as possible after the birth of a child. New parents often want to protect their children in case something unexpected happens. This can be accomplished with proper estate planning through McManus Estate Planning, LLC.
Here is a short list of considerations for the parents of young children:
- Appoint legal guardians in your plan so that if you die, your children will quickly and easily be cared for by the person you want.
- Let Attorney McManus know if you want to put specific guidelines in the plan. Guidelines can tell the guardian about your wishes and how you intended to raise the children.
- A properly drafted Trust can manage wealth for your children. You can appoint family members, trusted friends, or have professional trust management for your assets after you die, so that neither your children nor their guardian needs to make tough legal and financial decisions. Professional trustees should be properly licensed, bonded and insured. Attorney McManus and McManus Estate Planning LLC can recommend suitable wealth managers and professional trustees that fit your specific needs.
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