A Personal Note From Susana
I can’t believe that it is August! How time flies. We didn’t have much of a summer with the rain and then extreme heat! But this month and the next promise to be lovely. And late August-early September is when we begin to consider “the school year.” If we are parents we are considering what our children need—from kindergarten crayons through college text books and dorm furniture. So, it is this month that the focus of our newsletter is on minor children, and older but not yet mature children, and how they may be protected thro431-2669ugh proper legal documents, including trusts. Many parents have failed to do this, and if something happens to them, or if their fortunes change, the children remain unprotected.
I cannot emphasize how important this is. A number of years ago a colleague told me a very chilling story about what happened to an unprepared family. A young couple set off to travel to an exotic place and left one set of grandparents, in charge of their young children for the duration. They were both killed in a plane crash. It was never anticipated that this would happen but the case landed in probate court on guardianship and conservatorship petitions from the other set of grandparents to take charge of the under-age children and their funds. So, in addition to being orphaned these kids stood between battling grandparents, with a probate court in charge, and an appointed guardian-ad-litem
(incidentally paid for by the children’s funds such as they were speculated to be) trying to make sense of the entire matter. Never mind, the actual trauma to the children. It was a terrible case.
Although I have not had cases as extreme, I have seen the unfortunate results of parents failing to plan. They all ended up in court costing the litigants money that could have been used by the families to care for loved ones—young and old.
So as our children go to school, and are confronted by the symbols of “wise owls” in the form of books and teachers, our counsel is for all parents and grandparents to wise up,
and to create a plan for the possible “just in case.” And incidentally even if there isn’t a catastrophic event, have you, as a parent or grandparent planned for the possibility of a
dispute over children left with one grandparent having a medical need? Contact us at 617- 431-2669 to find out about how to give your loved one’s authority to care for your children or theirs even on a temporary basis.
Please note I have posted a number of blogs related to minors when it comes to planning.