Planning for Minors
This document is where parents nominate long-term guardians for their minor children.
What is a Last Will & Testament?
This document lets someone you trust handle legal and financial matters for you if you cannot handle them yourself.
What is a General Durable Financial Power of Attorney?
Probate expenses can consume approximately this percentage of a probate estate.
What is 5-8%?
A part of an estate plan that allows parents to specify their parenting approach, important family relationships, educational, financial, and spiritual values, and the like.
What is an Instructions to Guardians?
If you haven't legally named guardians for your children, this is who has the final say about who raises them.
Who is a Probate Judge?
This document names the person you trust to make medical decisions for you if you cannot make them yourself.
What is a Durable Power of Attorney for Health Care?
When properly funded, this planning tool can keep assets out of probate and pass them privately to beneficiaries.
What is a revocable living trust?
Even a well-designed estate plan should generally be reviewed this often, or sooner after a major life change.
What is at least every three years?
This person can legally step in for your children during an emergency, helping keep them out of protective custody.
Who is a Standby Guardian?
This document can help prevent your family from having to guess whether you would want life-sustaining treatment.
What is a Living Will or Advance Health Care Directive?
True or False: Having a will means your family can avoid probate.
What is False?
This type of trust can protect a child’s inheritance from lawsuits, creditors, and divorce while potentially preserving it for future generations.
What is a Lifetime Asset Protection Trust?
Without proper planning, your child could receive complete control of a $1 million inheritance at this age.
What is 18 years old?
This document gives selected people access to your health information without giving them the power to make health care decisions
What is a HIPAA Authorization?
A typical probate can take approximately this long to complete.
What is 9-18 months?
This planning tool preserves something money cannot: your stories, values, family history, and life experiences for future generations.
What is a Recorded Legacy Interview?