EPISODE · May 20, 2024 · 8 MIN
Mark Reckman - Select a Guardian for Your Child
from Wood + Lamping - Estate Planning / Elder Law · host Joe Strecker Productions
SIX TIPS FOR SELECTING A GUARDIAN FOR MINORS THIS IS ONE OF THE MOST IMPORTANT PARTS OF ESTATE PLANNING. SELECTING A GUARDIAN TO RAISE YOUR KIDS IS NOT HARD FOR SOME PEOPLE, BUT FOR OTHERS, I OFFER THE FOLLOWING CONSIDERATIONS: PARENTING SKILLS: RECOGNIZE THAT YOUR CHILDREN WILL BE TRAUMATIZED BY YOUR DEATHS. THEIR GUARDIANS WILL NEED PATIENCE AND COMPASSION. LOCATION: WHERE DOES GUARDIAN LIVE: WHAT CITY? WHAT SCHOOL DISTRICT? RELIGION, POLITICS, MORAL BELIEFS GUARDIAN’S AGE / WARD’S AGE GUARDIAN’S LIVING ARRANGEMENTS. ARE THERE OTHER MINORS IN THE HOUSE? IS THE HOUSE BIG ENOUGH? GUARDIAN’S FINANCIAL SITUATION LEAVE THEM SOME LIFE INSURANCE OR OTHER MONEY – BEST IF IN TRUSTAND IF YOUR KIDS ARE OLD/MATURE ENOUGH, YOU MAY WANT TO ASK FOR THEIR INPUT. FINALLY, DON’T FORGET TO HAVE A “BACK UP” GUARDIAN. NOTE – YOU DON’T HAVE TO DO THIS IN A WILL → YOU CAN JUST SIGN A NOTARIZED APPOINTMENT OF GUARDIAN. NOTE – SOME OF THESE PRINCIPLES APPLY TO GUARDIANS OF DISABLED ADULTS.
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Mark Reckman - Select a Guardian for Your Child
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