By Harry J. Lenaburg
It
is important for individuals and couples to have a Will. This is the document in which you let the
world know how you want your property distributed upon your death, and, for younger
parents, where you would designate the person or persons you wish to care for
your minor children, as their Guardian and/or Conservator. The Guardian cares for the personal needs of
the children, while the Conservator watches over the financial resources of the
children. One person can wear both hats,
but you may also choose to have different people perform the different
tasks. The duties of a Guardian and a
Conservator will be the subject of a later post.
Young
parents should be thinking about, and discussing, who they want or agree should
be asked to assume that awesome responsibility of caring for their minor
children in the event of their untimely death.
You must be certain that the individuals you wish to be appointed are
willing to be so appointed.
At
any other life change, the birth of a child, the death of your spouse, the
passing of your proposed Personal Representative, you should consider the terms
of your Will, and determine if it is time to update your Will. It is a good idea to meet with an experienced
attorney to discuss your Will, your estate plan and those documents that all
should have a Living Will, a Medical Power of Attorney, and possibly a General
Durable Power of Attorney.
The Law Firm of Jessica M. Cotter,
P.L.L.C.
18301 North 79th Avenue,
Suite F-186
Glendale, Arizona, 85308
602-843-3004
Jmcotterlaw.com
Jessica.Cotter@azbar.org
No comments:
Post a Comment