When you have young children, your world revolves around their safety, well-being, and future. Yet one of the most important steps many parents overlook is formal estate planning. While it’s not pleasant to think about the unexpected, having a legal plan in place ensures that your children are protected, no matter what.
At the Law Office of Steven J. Hart, we guide parents through the critical process of creating an estate plan that offers clarity, security, and peace of mind. Here’s what every parent should know about guardianship, trusts, and building a future that safeguards your family.
Why Estate Planning Matters for Parents
If something happens to you or your spouse, what happens to your children? Without a legal plan:
- The court will decide who cares for your children (possibly someone you wouldn't choose).
- Your assets may not be managed or distributed in the way you’d want.
- Your children could receive a large inheritance at 18 with no financial guidance.
Estate planning allows you to make these decisions now, on your terms.
1. Naming a Guardian: Who Will Raise Your Children?
Choosing a guardian is the single most important decision for parents of minor children. This is the person (or people) who would step in and raise your kids if you cannot.
Key tips for choosing a guardian:
- Select someone who shares your values and parenting style.
- Consider age, location, and willingness to take on the role.
- Name backups in case your first choice is unable to serve.
Without this designation in your will or estate plan, the court will decide who is best suited, regardless of your wishes.
2. Creating a Trust: Managing Money for Your Kids
Minor children can’t legally manage an inheritance. Setting up a revocable living trust or testamentary trust allows you to:
- Name a trustee to manage the money on your child's behalf.
- Decide when and how your children receive funds (e.g., at age 25, for education only, in stages).
- Protect assets from being wasted or misused.
A trust is often more flexible and private than a simple will, and it can help avoid probate delays and costs.
3. Peace of Mind Today, Security for Tomorrow
Estate planning isn’t just about legal documents, it’s about love and responsibility. By putting your plan in writing, you’re giving your family the gift of preparation and protection.
Our office helps families:
- Draft wills and name guardians
- Set up customized trusts
- Appoint powers of attorney and healthcare surrogates
- Minimize tax consequences and avoid probate where possible
Ready to Plan for Your Family’s Future?
The Law Office of Steven J. Hart is here to help you create a personalized estate plan that reflects your values, secures your children’s future, and gives you lasting peace of mind.
Contact us today to schedule a consultation and take the first step toward protecting what matters most, your family.