If you are a parent with young children, planning for their future means more than just saving for college or helping them explore their interests. Estate planning allows you to protect your children’s well-being in case something unexpected happens to you. Without a clear legal plan in place, important decisions may be left up to the courts.
An experienced Barrington, IL estate planning attorney can help you create a comprehensive plan that gives you peace of mind and safeguards your children’s future.
What Estate Planning Documents Do Parents Need?
Once we understand your needs and goals, we will explain how various types of estate planning documents can benefit you and your children. However, every parent should have a will. This document allows you to name a legal guardian for your children if you pass away before they become adults. Without a named guardian, a judge will likely choose someone to raise your children. The court’s decision is based on what the judge believes is in the best interests of your children, not necessarily who you would have wanted.