Have you and your spouse ever taken separate flights to the same destination when you’re traveling without the kids, because you’re afraid of what might happen to them if you both died in a crash?
This Omaha World-Herald article talks about just this situation. Turns out, quite a few parents use this approach. If you fall into this group, here’s some food for thought: would it make your travels easier if you had a reliable estate plan in place?
As a parent, providing for your kids through an estate plan means, at a minimum:
- Having a Will that names a guardian to care for your children in case the unthinkable happens
- Ensuring that your plan names a reliable person to manage your children’s inheritances on their behalf
- Having a temporary medical power of attorney authorizing your children’s babysitter to seek medical attention for them if necessary
Your estate planning attorney can help make sure your plan covers all the bases, so that you and your spouse can have peace of mind…and take the same flight.