Estate Planning for Parents With Minor Children in Maryland
Why Estate Planning Matters for Maryland
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Intro
Intro
Parents with minor children should strongly consider having an estate plan in place. Without clear legal instructions, the court may be required to determine who becomes responsible for caring for your children.
Parents with minor children should strongly consider having an estate plan in place. Without clear legal instructions, the court may be required to determine who becomes responsible for caring for your children.
Naming a Guardian in Your Will
Naming a Guardian in Your Will
A will allows parents to designate a guardian who should care for their children if both parents pass away.
This designation helps ensure that someone you trust is responsible for raising your child.
Standby Guardianship
Standby Guardianship
Maryland law also allows parents to create standby guardianship designations. These can provide additional protection if a parent becomes temporarily unable to care for a child due to illness, incapacity, or other circumstances.
Additional Planning for Families
Additional Planning for Families
Parents often include additional planning tools such as:
• trusts for minor children
• financial powers of attorney
• healthcare directives
Next Step
Next Step
If you have minor children, preparing an estate plan can provide important protection for your family.
Schedule Estate Planning Consultation
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