Protecting Your Young Children
One of the essentials of working with a Memphis estate planning lawyer for young families is making sure that your children would be taken care of no matter what happens. One of our areas of greatest expertise at the Ferrell Law Firm is protecting minor children.
Did you know that without proper planning, if the unthinkable happens to you:
- Your children could be placed with Child Protective Services (CPS) even if you have a will in place? Even if you have a living trust?
- The court will decide who will raise your kids, even if it’s the last person you would ever want?
- Approximately 5% of the total value of your assets could be lost due to probate, a lengthy process that can deprive your kids of the resources they need to live comfortably?
- When your kids turn 18, they get a check for whatever assets are left? And that there are unscrupulous people who make it their business to review public records to find out what 18 year olds are coming into money?
- The vast majority of estate planning attorneys do not address all these issues?
As parents, these things scare us too. That’s why we offer a Child Protection Plan with every estate plan we do for families with young children.
To get started with protecting your children no matter what, please contact us.
