Why Estate Planning Is Important When You Have Minor Children

by | Feb 5, 2018 | Lawyers and Law Firms

Life is unpredictable and people never know what will happen. Accidents do occur or sudden illnesses that can cut a person’s life short. While the death of a loved one is never easy for their family, the circumstances can make the event even more traumatic. With the unpredictability of when a person will pass away, it is imperative they are prepared for the future by consulting with an estate planning lawyer in Moline, IL. Especially when small children are involved, it is important to know their future is secure and they will be taken care of after their parent has passed away.

Provide Emotional and Financial Support

Losing a parent at any age can be difficult for a child even if they are an adult. However, the loss of a parent at a young age and by a traumatic event can make their death even more distressing. An estate planning lawyer in Moline, IL can help a client prepare the legal documentation that will direct who will have custody of a minor after their parent passes away. This helps assure the trusted individual the parent wants to gain guardianship of the children will receive them. This reduces the chance of the minors becoming wards of the state and staying with loved ones that can provide the emotional support they need during a critical time. An attorney can even establish a trust for the children to ensure the person who gains custody has access to the finances to financially provide for the children.

Guarantee the Future of Your Children

David J. Franks Attorney at Law can provide the services required to prepare for your children’s future. By establishing who will gain custody of a minor and secure the finances to ensure they are well taken care of, you can have peace of mind knowing they will be cared for after your untimely death.

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