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Protect Your Children
Have You Named A Guardian For Your Children?
If you are a family with young children, then your estate plan should begin with a foundation that ensures your children would always be taken care of, no matter what happens. At the Law Officesof Julie D. Noe, one of our areas of focus is protecting minor children.
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Did you know most parents have not yet named guardians for their kids?
Of those who have, most have made the mistake of only naming a guardian in their will, which is only effective if they pass away. In the event of an accident, this does not prevent your children from possibly being taken into the hands of strangers if you are injured and cannot be there to take care of them. Don’t let this happen to your family!
What would happen to your kids if the unthinkable happened to you?Without proper planning, here’s what could happen:
• Your children could be placed into Child Protective Services (CPS) even if you have a will and/or a living trust;
• A Judge who doesn’t know you or your family, will decide who will raise your kids, even if it’s the last person you would ever want;
• Approximately 5% of the total value of your assets could be lost due to probate, a court process that can tie up your assets for months or years and deprive your kids of the resources they need to live comfortably;
• When your kids turn 18, they get a check for whatever assets are left;
• There are unscrupulous people who make it their business to review public records to find out the identi y of 18-year olds who are coming into money;
• The vast majority of estate planning attorneys only provide a guardianship nomination in a will, and do not create a plan that covers all the bases to ensure children will never be taken into the arms of strangers or anyone you wouldn’t want. Not even for a moment.
We have dedicated our life’s work to make sure these things don’t happen. That’s why we include a Kids Protection Plan with every estate plan we do for families with young children.