Kids Protection Plan®
If you are a parent of minor children (or those with special needs) who are counting on you, your estate plan must begin with your children to ensure that they would always be taken care of by the people you want, in the way you want, no matter what happens.
At Penner & Purves, PC, one of our areas of greatest expertise is planning for the well-being and care of the children you love.
Without proper planning, if the unthinkable happens to you, here’s what could happen:
Your children could be placed into Child Protective Services (CPS) even if you have a will in place with nominated Guardians. Simply having a living trust and other estate planning documents will not take care of your children in the short-term, nor provide instructions to your nominated Guardian as to what to do in an emergency. Even worse, your kids could be left in the care of the one person in your family you would never want raising them.
A Judge who doesn’t know you, or your family, will decide who will raise your kids, even if it’s the last person you would ever want.
Approximately 5% of the total value of your assets could be lost due to probate, a court process that can tie up your assets for months or years and deprive your kids of the resources they need to live comfortably.
When your kids turn 18, they get a check for whatever assets are left — outright with no protection.
There are unscrupulous people who make it their business to review public records to find out what 18 year-olds are coming into money.
The vast majority of estate planning attorneys simply do not address these issues, and do not plan from a parent’s perspective.
A Kids Protection Plan® is a set of instructions, legal documents, and even an ID card for your wallet, which you need to have if you have kids at home who count on you for their well-being and care.
If you are in an accident, your Kids Protection Plan® will make sure your children are never taken into custody of Child Protective Services, strangers, or the care of anyone you wouldn’t want because the authorities don’t have clear instructions from you. And your Kids Protection Plan® will ensure your children are raised by people you choose, not someone chosen by a Judge who doesn’t know you.
To get started with your Kids Protection Plan®, contact us at (805) 965-0085 or visit our Kids Protection Plan website.