Protecting Your Children with an Estate Plan
An estate plan is about much more than the distribution of property. Of course, dealing with your assets is a large part of estate planning, but the entire process should be used with an eye towards working to protect your family – especially the next generation.
The Orderly Transfer of Assets
The main features of an estate plan are wills and trusts. If anything happens, you want to keep your children from having to go into court and go through a burdensome legal process to inherit the estate. They may not have any control over the process and will end up spending money on legal fees. Your estate plan will ensure an orderly transfer of assets.
Instructions for Raising Your Children
Beyond property, your estate plan should also specify what would happen to your children if you (and their other parent) can no longer care for them. Your estate plan can set out designated guardians and even give instructions for how they are to be raised. This could include instructions about education and religious upbringing. Your estate plan can provide your kids with a measure of stability when they are dealing with a tragic situation.
Advance Directive and Powers of Attorney
Finally, your estate plan will protect your children by keeping them from having to make difficult choices without knowing your wishes. The estate plan should include powers of attorney and advance healthcare directives that they can use to make choices when you cannot. This will prevent situations where your children have to guess about what you want or have conflict about making key decisions.
Call a Boca Raton Florida Estate Planning Lawyer
An estate plan gets its name because it is an entire comprehensive plan that addresses more than just your assets. A Boca Raton estate planning attorney can help you protect your family through a difficult time. Call the attorneys at Rubino Findley PLLC at 561.220.0741 or contact us online to discuss your estate planning needs.