Minors – Ensuring their Welfare
Minors are children under 18 years old who are not yet legally recognized as capable of handling or making legal decisions. That necessitates a guardian who would care and supervise for your children or designates trustees should your will be called upon. This is the best legal way to prevent a “tug of war” battle of family members regarding, first the care of the minor till they are legally able to manage the estate and second to spare them the emotional turmoil in-fighting between family members might get into.
The cases of minors having no guardian are referred to probate courts who will take charge of assigning the legal guardian for the said child. This proves to be traumatic for the child that could have been avoided with the inclusion of a guardian in the will or living will if proper foresight was observed. There are other matters that have to be addressed that the guardian or lawyer must take care of such as taxes and other legalities such as the maintenance of any properties and holdings that may be part of your estate. More on the tax proceedings int he coming posts so do check back for more.