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The method to proactively address this scenario is through the production of resilient powers of attorney.
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The Trustee handles the ILIT for you in your place procedure.
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In order to ensure that your children are taken care of,in a manner that you approve of,you’ll want to name their guardians in the event when both parents die before the children turn 18

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This estate planning tool can be incredibly useful to help distribute property and assets to your family while avoiding any costs or delays of probate.
Most often this is a spouse It’s important to draft a durable power of attorney (POA) so an agent or a person you assign will act on your behalf when you are unable to do so yourself The Law Firm of Steven F.Bliss Esq.If you have minor children or are considering having kids,picking a guardian is incredibly important and sometimes overlooked.
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