A comprehensive estate plan includes a lot of documents and many trusted helpers so its important for both you and your helpers to understand whos in charge, when.
Heres a brief outline, but if you have questions or concerns about your individual estate plan, be sure to consult with a qualified estate planning attorney.
Guardians for minor children are appointed in a stand-by guardian designation and in your will.
The stand-by guardian designation is effective if you are alive, but unable to care for your children due to some form of disability; the will is only effective if youre dead.
Contingent Trusted Helpers
Its imperative that you name back-up trusted helpers in the event that your primary trusted helpers are unable or unwilling to serve when the time comes.
Be sure to communicate with your trusted helpers and loved ones so everyone understands whos in charge when. Show them where you keep your estate plan documents and provide the contact information for a qualified estate planning attorney who can provide additional guidance.
Where to Get More Information
If you missed it, please continue reading part 1 of this article: Your Estate Plan: Whos in Charge, When, and consult with a qualified estate planning attorney. An attorney can help you to explain duties and timing to your loved ones and trusted helpers.