Legal Question in Wills and Trusts in California
will
As a married couple with minor children, what should we do to provide for the children and our finances in case one or both of us are incapacited or die?
3 Answers from Attorneys
Re: will
Prepare a trust and nominate a guardian.
Re: will
That is an extremely broad question that can not be answered in this space and that requires knowing more details. I would suggest you look at prior questions and answers on this site. In short, you need a pour over will, trust, list of all of your assets, discussion with family and friends as to who could raise the childre if both of you die or are incapacitated, health directives, possible transfers of real propety into joint tenancy, clear decisions as to what you want to occur in either situation, etc. Read some books, such as Nolo Press, for some ideas.
Re: will
From a financial point of view, you might consider life insurance and disability insurance.
From an estate planning point of view, you should consult with an attorney who can assist you in drawing up documents such as a will, trust, durable power of attorney, advanced health care directive, and nominations of guardian for minor children.
Feel free to call my office to schedule a free consultation.