Kid’s Protection Planning: Why Every Parent Needs a Plan in Place
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Kid’s Protection Planning: Why Every Parent Needs a Plan in Place
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Episode Summary:
In this episode of The Legacy Cast, host Kevin Rosenquist and Michael W. Kelley discuss kids protection planning - an essential aspect of estate planning for parents. They explore why it's more than just naming guardians in a will, covering temporary emergency guardians, healthcare agents, and detailed instructions for raising children. Michael shares important insights about common mistakes parents make and provides practical steps for getting started with kids protection planning.
Key Timestamps:
00:01 - Show Introduction
00:39 - What is Kids Protection Planning?
03:08 - Family Guardianship Misconceptions
05:03 - Free Online Guardian Nomination Resource
06:09 - College Students and Estate Planning
08:05 - Common Mistakes in Planning for Minor Children
10:19 - Ensuring Legally Binding Guardianship Decisions
11:57 - First Steps for Parents Starting to Plan
13:36 - Important Factors to Consider in Guardian Selection
About the Show:
The Legacy Cast by Kelley Legacy Law features founder Michael W. Kelley discussing various aspects of estate planning. The practice focuses on helping families enhance their lives today and secure their futures tomorrow, providing practical legal guidance for family protection and estate planning.