What happens to our children if both my spouse and I die?
Your minor children will come under the care of the guardian you appointed in your will. If you do not have a will or did not appoint a guardian in your will, then the child would come under the care of the government pending placement with the appropriate family member. If you do not have a will, your children would share equally in your estate assets but would each receive their full inheritance at 19 years old. Hopefully, you have a will and in the will you have created trusts to hold the funds for each child. If not, you need to give us a call and we can discuss how to accomplish this.
- I’ve been told that by putting my child on my bank account with me, it will save my estate money when I die and that this child will get the money in my bank account. Is this correct?
- What happens to our children if both my spouse and I die?
- Can I designate assets to go to someone outside my will, and how do I accomplish this?
- I want to donate my organs when I die. How do I accomplish this?
- I’ve had children with my past spouse and am remarried. How do I ensure I provide for my children and my new spouse?