Planning to provide for children is an essential part of any parent’s estate plan. Take the uncertainty out of “what if” especially when planning for the care and welfare of your child(ren).
Guardians for minor children
Asset distributions to children over time — even if they are adults (over 18 years of age)
“Special Needs Trusts” can be created for any children or other dependents who might be unable to care for themselves as adults. Such trusts can help ensure they have the appropriate care and oversight they need indefinitely. There are several combinations of options, including full legal guardianship, to consider in deciding on aspects of their care. Achieving a balance between the person’s autonomy and their best interests is the desired outcome for special needs planning.