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

When you create an estate plan to plan for the future of your minor children after you die, there are several important considerations you need to make. First, you need to decide who will act as the guardian for your minor children after you die. You can name the person you would prefer to be the guardian in your will, though the court may still ultimately decide who is best suited to serve as guardian. Second, you should consider setting up a trust for future financial support of your minor children. This trust will be funded with assets that you leave to your children in your estate, and it can also dictate when and how your children can access the trust funds. You will need to appoint a trustee—someone to manage the trust funds—that you trust to make wise decisions about the future of your children. Finally, you should discuss your wishes with your family and anyone who will be involved in your children’s future. This can help to ensure that your wishes are known and respected by those who will be responsible for your children’s future after you die. In Utah, it is important to comply with all relevant state laws when planning your estate. You may wish to consult an attorney to ensure that your provisions for minor children are legally valid and properly enforced.

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

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