Colorado Wills and Estates provides estate planning for individuals and families across Colorado. We are here to answer your questions.
Guardianship / Naming Legal Guardians For Minor Children
You never want to think about what would happen if you became incapacitated or die when someone else is watching your minor children while you are away. What would happen to your children?
Sixty-nine percent (69%) of parents have not yet named legal guardians for their children. Of the 31% who have, most have made one of 6 common mistakes. That means that if you have minor children at home (or children who have special needs), it’s time to review your plan for their care, if and when something happens to you.
Begin here with our report on the 6 common mistakes parents make when naming legal guardians for their kids and how you can fix them now. Then, consider taking the very first step that every parent must have in place (no matter whether you have $1 or $10 million), and name legal guardians for your children for the long-term here.
Finally, if you have not already read the book Wear Clean Underwear, it’s the best-selling book on legal planning for parents and it’s a must-read. You can get a copy of it with my compliments for free here. Free copy of Wear Clean Underwear.
If you and your spouse/partner cannot agree on who would be the ideal guardian(s) for your kids, that’s something we can help with. We have special training on helping parents work through this critical decision. If you do nothing, the decision about who would raise your children (if something were to happen to you) would be left up to a judge to decide.
don’t let a judge decide
A judge who doesn’t know you, doesn’t know what’s important to you, and doesn’t know your children will make all the decisions about who cares for the people who are most important to you in the world.We know that’s not what you want.And, truth is … there may never be a perfect solution for you, but there is definitely a solution that is better than your children being raised by someone you didn’t choose.
Perhaps you think the way so many parents do, “if we don’t anticipate it, it will never happen, right?” Then I guess that means you don’t need things like insurance or any other type of protection since bad things never happen to good people, right? And wouldn’t it be great if that were true.
Responsible Parents Protect Their Children, And That Means You Must Think About The Unthinkable
Fortunately, there is a sensible approach to the selection of a guardian for your children that makes it a lot easier. And we can guide you through this most important of decisions. In addition, we will guide you to put in place a comprehensive Kids Protection Plan® that will ensure you have handled all 7 Must-Dos when it comes to ensuring the well-being and care of your children by naming legal guardians for the long-term and for the short-term to protect your kids, no matter what.
Having A Will Alone Simply Does Not Ensure The Care Of Your Kids If The Unthinkable Happens To You!
If you are a parent of minor children (or those with special needs) who are counting on you, your estate plan must begin with your children would always be taken care of by the people you want, in the way you want, no matter what happens. At Colorado Wills and Estates, one of our areas of greatest expertise is planning for the well-being and care of the children you love through our guardianship services.
Choose a guardian for your child
No matter what your situation is, as a single parent you may wish to ensure that your child is taken care of by a guardian of your choice with instructions on how you wish your child should be raised if you are not there. At Colorado Wills and estates, we will discuss your options and help you implement your choice of who you would want to be the short-term and long-term guardians of your child.
You should also consider whether the same individual who cares for your child on a daily basis should also manage your financial resources you have set forth for your child’s care.
Our Guardian Choice Plan
At Colorado Wills and Estates, we have created a Guardian Choice Plan to help you select short-term and long-term guardians for your child so that your child does not end up in the temporary custody of a stranger or raised by someone appointed by a judge who will never know your wishes.