{"id":14532,"date":"2025-12-04T20:58:15","date_gmt":"2025-12-04T20:58:15","guid":{"rendered":"https:\/\/webtechs-designs.com\/2023Ogborne\/?p=14532"},"modified":"2026-01-16T15:58:53","modified_gmt":"2026-01-16T15:58:53","slug":"estate-planning-for-children","status":"publish","type":"post","link":"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-for-children\/","title":{"rendered":"Estate Planning For Children"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]<\/p>\n<p>If you have children or have a child on the way, proactively putting together an estate plan is ideal. From savings accounts to naming potential guardians, use these tips below to create the best estate plan for your children.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-for-children\/#Estate_Planning_For_People_With_Children\" >Estate Planning For People With Children<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-for-children\/#Estate_Planning_Considerations\" >Estate Planning Considerations<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-for-children\/#Designate_Potential_Guardians\" >Designate Potential Guardians<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-for-children\/#Power_Of_Attorney\" >Power Of Attorney<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-for-children\/#Name_An_Executor\" >Name An Executor<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-for-children\/#Make_Note_Of_Assets\" >Make Note Of Assets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-for-children\/#Inheritance\" >Inheritance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-for-children\/#Always_Account_For_Unique_Family_Factors\" >Always Account For Unique Family Factors<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-for-children\/#What_Else_Should_Parents_Set_Up_For_Their_Children\" >What Else Should Parents Set Up For Their Children?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-for-children\/#Create_A_Trust\" >Create A Trust<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-for-children\/#Make_A_Will\" >Make A Will<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/estate-planning-for-children\/#Ogborne_Law_PLC_In_Scottsdale_AZ\" >Ogborne Law, PLC In Scottsdale, AZ<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Estate_Planning_For_People_With_Children\"><\/span>Estate Planning For People With Children<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For a lot of parents, the main objective of estate planning is to guarantee that their children are cared for in case anything happens to them. Whereas we would all like to think that we are going to be able to leave our estate to our adult children following a long and worthwhile life, sometimes life can throw us a curveball in our plans.<\/p>\n<p>It\u2019s understandable that it\u2019s never enjoyable to think about leaving your minor children behind because of an unanticipated passing but anticipating that the worst might happen is vital for devising an estate plan when you have minor children.<\/p>\n<p>Each family situation and estate plans are unique, and when creating yours we request you to consider the aspects below to guarantee your minor children are looked after and cared for.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Estate_Planning_Considerations\"><\/span>Estate Planning Considerations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Of course, each and every family is unique with their own specific considerations to make when creating an estate plan. Here is a quick overview of things parents should discuss when considering an estate plan for their children.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Designate_Potential_Guardians\"><\/span>Designate Potential Guardians<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Think about who would be able to take care of your children in the event of a tragedy. Oftentimes, a designated guardian will be a close family member or maybe even an older sibling.<\/p>\n<p>In other cases, the guardian could be a trusted friend or a stepparent.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Power_Of_Attorney\"><\/span>Power Of Attorney<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>One day, you may become ill or incapacitated without the ability to make your own medical and financial decisions. In this event, the person you give power of attorney can make the tough decisions for you.<\/p>\n<p>A power of attorney may be something that&#8217;s needed temporarily. For instance, a person may be unconscious but later regain consciousness. A parent is able to give their child their power of attorney, but not while the child is a minor.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Name_An_Executor\"><\/span>Name An Executor<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>An executor is a person who will make trusted decisions in regard to personal property, real property, and financial assets that make up your estate.<\/p>\n<p>The executor may be the same person that you&#8217;ve designated as your children&#8217;s guardian. This person is responsible for managing an estate&#8217;s assets and distributing them to the appropriate beneficiaries.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Make_Note_Of_Assets\"><\/span>Make Note Of Assets<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Always be sure to make note of any and all assets you want left to your beneficiaries.<\/p>\n<p>Determining exactly how you want things to be handled beforehand can prevent any disputes when it comes time to divide your assets.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Inheritance\"><\/span>Inheritance<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>When your minor children are the main beneficiaries of your estate, they will be unable to officially inherit until age 18.<\/p>\n<p>If there is a large amount of money or other valuable property involved, the age of inheritance may be staggered. For example, children may inherit at ages 21, 25, and 30.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Always_Account_For_Unique_Family_Factors\"><\/span>Always Account For Unique Family Factors<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Your children&#8217;s ages, as well as potential guardians&#8217; ages, could factor into your decision when creating an estate plan.<\/p>\n<p>For instance, if your children are very young, will the age of a relative impact the care they require?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Else_Should_Parents_Set_Up_For_Their_Children\"><\/span>What Else Should Parents Set Up For Their Children?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There are two very important documents to set up when you have children. Let&#8217;s look at what goes into creating both a trust and a will.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Create_A_Trust\"><\/span>Create A Trust<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Assets can either go directly to beneficiaries, or they may be placed into a trust. There are a few different types of trusts designed to hold money and stocks, real estate, or other inheritance for your children.<\/p>\n<p>Trusts like a Special Needs Trust or a Child&#8217;s Trust can be set up specifically for minor children.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Make_A_Will\"><\/span>Make A Will<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Once all your information is ready, you&#8217;ll be able to create a will. A will enables you to name who will have your Power of Attorney, state your wishes for your assets in the future, as well as appoint a guardian and executor for your children.<\/p>\n<p>Always keep in mind that there may be some state-specific tax and inheritance laws you&#8217;ll need to consider when creating a will.<\/p>\n<p><strong>Source:\u00a0<\/strong><\/p>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol>\n<li style=\"list-style-type: none;\">\n<ol>\n<li>&#8220;Estate Planning For People With Minor Children&#8221; Retrieved on December 4, 2025 from <a href=\"https:\/\/trustandwill.com\/learn\/estate-planning-for-people-with-minor-children\">https:\/\/trustandwill.com\/learn\/estate-planning-for-people-with-minor-children<\/a><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Ogborne_Law_PLC_In_Scottsdale_AZ\"><\/span>Ogborne Law, PLC In Scottsdale, AZ<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><iframe loading=\"lazy\" style=\"border: 0;\" src=\"https:\/\/www.google.com\/maps\/embed?pb=!1m14!1m8!1m3!1d13295.289322404855!2d-111.972881!3d33.583962!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x0%3A0xa02db9a3ce093e9d!2sOgborne%20Law%20PLC!5e0!3m2!1sen!2sus!4v1575490314048!5m2!1sen!2sus\" width=\"100%\" height=\"150\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/p>\n<p><a href=\"https:\/\/ogbornelaw.com\/3-questions-regarding-divorce-for-a-family-law-attorney\/\">Discussions about child custody<\/a>\u00a0issues are always difficult during a divorce. While there is no way to make them easy or comfortable, you can find ways to work together. The collaborative divorce process helps with tools and professionals to make child custody and other decisions a little more manageable. By working together as a team, you\u2019re able to make the decisions that are best for the kids.<\/p>\n<p>Collaborative divorce can make these challenging times more manageable. It requires you to work with your spouse at a time when you have decided you need to go your separate ways. When it comes to child custody, though, you want to do all you can to make the right parenting decisions. Collaborative divorce can help create pathways for you to cooperate. If you live in the Phoenix\/Scottsdale area and want to learn more about collaborative divorce,\u00a0<a href=\"https:\/\/ogbornelaw.com\/contact\/\">contact Ogborne Law today<\/a>.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text] If you have children or have a child on the way, proactively putting together an estate plan is ideal. From savings accounts to naming potential guardians, use these tips below to create the best estate plan for your children. Estate Planning For People With Children For a lot of parents, the main objective of&hellip;<\/p>\n","protected":false},"author":1,"featured_media":14534,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[342],"tags":[],"class_list":["post-14532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-estate-plan","category-342","description-off"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Estate Planning For Children | Tips &amp; Considerations | Ogborne Law<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Estate Planning For Children | Tips &amp; Considerations | Ogborne Law\" \/>\n<meta property=\"og:description\" content=\"[vc_row][vc_column][vc_column_text] If you have children or have a child on the way, proactively putting together an estate plan is ideal. 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