When providing protection for minor children, there are two main areas to address:
Who Will Care for the Children?
Short-term care: If you and/or your spouse are temporarily unavailable but at least one parent is still alive, who will care for the kids to ensure they don't go into state custody?
Long-term care: If unfortunately you pass away, who will take care of your children long-term?
How to Handle the Money
There have been many horror stories of children receiving large lump-sum inheritances at age 18. Most parents want to avoid this scenario.
The Solution
There are ways to ensure children don't receive large checks at 18, which could lead to disastrous consequences. Proper planning can provide financial security while protecting children from premature access to substantial inheritances.
Explore comprehensive strategies for protecting your family through proper estate planning.