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In families with children, parents often have these common concerns:
- If something happens to both of us, who would raise our children?
- If something happens to both of us, who would manage our money for our children?
- If something happens to both of us, what would happen to our house and other assets?
- If I were hospitalized, could my spouse or partner make health care decisions for me?
- Could my spouse or partner make health care decisions for one of our children?
- Choose who would raise your children
- Choose who would manage money for your children until the right age
- Choose who would receive your house, personal belongings and other assets if something happens to one or both of you
- Coordinate efforts with your financial advisor and insurance agent
- Decide who could make health care decisions for you or your children
Other Concerns You May Have:
- What if I am concerned about leaving money to one of my adult children?
- How can I provide for step-children or children I am not the legal parent of?
- How can I provide for my special needs child?
- Provide for an adult child who may have trouble handling their own finances responsibly
- Provide for a child or children whom the law does not consider to be your natural heirs
- Provide for a child who is otherwise eligible for benefits due to his or her special needs
