One of the main reasons for Estate Planning, particularly if you have minor children, is to designate guardians. You have to decide who will care for your children if you both pass away. An Estate Plan allows you to do more than choosing who can provide for your children. It allows you to designate those you don’t want to have guardianship of your children.
Further, you can give the future instructions to potential guardians on how you want your children raised. When someone babysits your children you make sure to leave them specific instructions. You tell the babysitter when bedtime is, any potential allergies, and any other advice to help keep your children safe. Similarly, an Estate Plan allows you to give detailed instructions to potential guardians. Your personalized Estate Plan can be a guide for possible guardians of your children. It can explain what is important to you when it comes to raising your children. Even after you are gone, your values can be taught to your children. By leaving instructions in your Estate Plan, help raise your children after you both pass away. Creating an Estate Plan allows you to dictate the values and character traits taught to your children.