How can I plan for the future of my minor children after I die?

Estate planning for minor children in Delaware is a very important part of ensuring their future is secure after you are gone. The most important thing you can do is appoint a guardian for your children. This person will have the legal authority to raise, educate and care for your children after your death. In Delaware, this appointment is made in the Last Will and Testament. Additionally, you can use a trust to set aside money and assets for your minor children. This trust should be used to provide for your children until they reach adulthood or a certain age. You can also name a trustee to manage the trust assets as directed by the Last Will and Testament. Other considerations include life insurance policies and other provisions to provide for your children’s future. Furthermore, you should make sure your beneficiary designations on retirement accounts and other financial assets are up-to-date and align with your overall estate planning goals. By taking the time to plan for your minor children’s future, you can ensure they are taken care of after you are gone.

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How can I plan for the future of my minor children after I die?

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