If you’re a parent, you likely put a lot of time and careful thought into choosing a guardian for your children when they were babies or toddlers. But, as time passes and your children grow, the person who initially would have made the perfect guardian might not seem like such a great choice. For example, the grandmother or grandfather who was in perfect health ten years ago might be in a nursing home now. Or, the close family friend whom your children adored when they were preschoolers might … [Read more...] about Estate Plan Update: Time to Choose a New Guardian?
A guardian of a minor is an individual named by parents or by the court to take legal custody of a minor or their property or both. Normally, this is a task the parents face while drafting a will as part of their estate plan. But in the event of an emergency, who will care for the children? Many parents assume a family member or close friend will step up to the plate, and they often do – but what legal standing does this person have? Not much, and if parents are temporarily incapacitated, … [Read more...] about Short Term Guardianship: Who Will Care for the Children?