We do a lot of estate plans for young families. (By young families, I mean any family with kids under 18.) Young families don’t need anything complicated, but they do have a couple of key estate planning needs.
First up is naming guardians. Guardians are the people who have parental responsibility for the kids if something happens to their parents. For most parents, this is not necessarily obvious—our clients might have parents on both sides, brothers and sisters on both sides, godparents (maybe more than one set if there are multiple kids), close friends who they talked to about this, and so on. So it’s important to write it down, otherwise the court will choose and it might not be who the parents would have chosen.