Naming permanent guardians in your Will is just one step in protecting your kids. It’s equally important to have someone (plus backups) with documented authority, who can stay with your children until the long-term guardians can be located and formally named by the court, which can take months. Also, a Will does not take effect until you pass, so your appointed guardians will not have legal authority over your kids if you are in tan accident or incapacitated. The last thing you want is for police to show up at your home and find your children with a caregiver, who doesn’t have documented or legal authority to stay with them and doesn’t have any idea how to contact someone with such authority. In such a case, police would have no choice but to call Child Protective Services.
Death does not have to be a dreary topic. Actually thinking about death can help you focus on life - on living a better life and passing it down for generations. A Trust is the ultimate tool to accomplish the transfer of your legacy.
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Read MoreMaking provisions for digital assets should be a part of all basic Estate Plans
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