With your children’s wellbeing weighing on your mind each day, you could forget about some of the most important factors involved caring for their present as well as their future: naming a guardian for your estate plan.
Guardianship & More
When was the last time you reflected on the person you selected to be guardian? If the answer is difficult to explain, it’s probably time to revisit the issue. The only constant about parenting is change. As they mature from infants into their teenage years and beyond, your children’s care needs can also change over time. Is the person you named as guardian still the best choice? Your children’s lives are constantly evolving. So, something that worked a few years ago may be out-of-date today.
Back-to-school time is a perfect season to revisit your estate plan and consider guardianship designations:
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Review and refresh of guardianship nominations
Is the guardian you’ve chosen for your children in the event something happens to you still the person you prefer to fill that role? Are they still ready, willing and able to do so? And would your children be satisfied with this choice of guardian?
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Review and refresh intent letters
If you’ve referenced intent letters in your estate plan previously, to provide additional meaning and context to guardianship designations and other estate planning documents, make sure those notes still reflect current goals and wishes.
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Review and refresh your estate plan
Keep your estate plan as up to date as possible. The addition of a new child to your family by birth or adoption could mean your plan requires substantial changes. This is also the case if one of your children has turned 18. If either of these events occurred since our last assessment of your plan, don’t wait to make alterations to your plan. Call today (909) 608-7671to set up an appointment.
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Review college savings plans and strategies
Is your child headed to college soon? We can explore planning strategies to help financially plan for the cost of tuition. We can also help your family make strategic choices about higher education planning. It’s never too early to begin researching scholarship opportunities. A variety of account options, such as 529s, UTMA/UGMA, ESAs, and HEETs, can ease the financial burden of tuition.
Back-to-school time means a flurry of activity for most parents. While shopping for supplies and attending school functions may dominate your “to-do” list, don’t forget to set up an appointment with Skvarna Law Firm to review your estate plan. We can help make sure updates reflect your wishes and your children’s wellbeing.
About Skvarna Law
If you have children who are changing, make sure your estate reflects their current needs. Call today to discuss estate plan strategies (909) 608-7671. We operate offices in Glendora and Upland, California and provide legal services for individuals living in San Bernardino, Los Angeles, Orange and Riverside Counties. This includes the cities of Upland, Ontario, Rancho Cucamonga, Fontana, Colton, Rialto, Chino, Chino Hills, Glendora, Claremont, Montclair, Pomona, La Verne, San Dimas, Azusa, Covina, West Covina, Diamond Bar, Walnut, La Puente, Corona, Norco & Mira Loma. Visit SkvarnaLaw.com to learn more.
