Estate Planning for Parents: Protect What Matters Most
If you’re a parent—especially of minor children or children with special needs—estate planning for parents isn’t just important. It’s essential. Your top priority is ensuring your children are cared for by the people you trust, in the way you want, no matter what happens. At Marsala Law Firm, we specialize in estate planning for parents and are dedicated to helping families like yours plan with confidence.
What Happens Without an Estate Plan?
Without a proper legal plan in place, here’s what could happen if the unexpected occurs:
- Your children could end up in the care of Child Protective Services, even if you have a will or living trust. This may only be temporary; however, even a moment with strangers is too long.
- Custody might go to someone you’d never choose, like a well-meaning but unsuitable relative.
- A judge with no personal knowledge of your family could decide who raises your children. As a result, they could make a choice that goes against your wishes.
- Your family could face a long and painful custody battle, especially if there are disputes about who should take over.
- Probate fees and court costs could consume up to 5% of your estate. Consequently, your children may have delayed access to the money they need to live comfortably.
- When your children turn 18, they may receive their entire inheritance in one lump sum—even if they aren’t ready to handle it.
- Scammers often track public records, looking for young adults who suddenly receive large inheritance checks. Therefore, early planning is critical.
Why Estate Planning for Parents Is Different
The reality is, most estate plans don’t address these serious issues. Estate planning for parents requires a different perspective—one that protects your children’s emotional, legal, and financial future.
That’s why every plan we create for families with young children includes our Kids Protection Plan®. This is more than just a set of documents; rather, it’s a complete legal strategy to ensure your children are always cared for by the people you trust, with as little disruption to their lives as possible.
Six Common Mistakes Parents Make When Naming Legal Guardians
In addition to a lack of planning, many parents unknowingly make mistakes when naming legal guardians. Sign up to receive our free guide outlining the six most common mistakes parents (and even lawyers!) make in this process.
Afterward, you can schedule a Family Wealth Planning Session with us. During this session, we’ll help you fix any mistakes and make sure your plan aligns with your wishes.
What is a Kids Protection Plan®?
A Kids Protection Plan® includes clear instructions, legal documents, and even an emergency ID card for your wallet. If you have kids who rely on you, this plan is essential.
For example, if you're in an accident, your Kids Protection Plan® ensures your children are never placed with Child Protective Services or strangers. Instead, it ensures the authorities know exactly who should step in and care for your children. As a result, your kids will be raised by the people you choose—not by someone a judge picks at random.
In conclusion, estate planning for parents is about more than just passing on your assets. It’s about protecting your children and ensuring they are raised according to your values.
Contact Marsala Law Firm today to get started with your custom estate plan and Kids Protection Plan®.
