Houston guardianship attorney Whitney L. Thompson (https://www.wthompsonlaw.com/10-things-to-think-about-when-choosing-a-guardian/) of The Law Office of Whitney L. Thompson recently published an insightful article titled ’10 Things to Think About When Choosing a Guardian’. The article highlights the importance of selecting a reliable guardian as part of estate planning and provides a useful list of questions to consider when making this critical decision.
Houston guardianship attorney Whitney L. Thompson emphasizes the significance of a guardian for minor children, adult children with special needs, or aging family members who may require someone to look after them in case of one’s passing or incapacitation. To help individuals make informed decisions, the article offers ten questions to ask when evaluating a potential guardian, such as their financial stability, integrity, health, and ability to handle responsibilities.
Attorney Whitney L. Thompson states, “Choosing the right guardian for your children or loved one is possibly the most important decision you will make when creating an estate plan.” She advises on the importance of consulting with a Houston guardianship attorney to ensure the chosen guardian aligns with the family’s needs and desires.
The article also explores other factors to consider when choosing a guardian, such as their ability to cooperate with third parties and their education and skills to handle the loved one’s financial and medical needs. It further distinguishes between guardianship and custodianship, explaining the differences and legal implications of each in estate planning.
Whitney L. Thompson highlights the potential complexities and costs associated with guardianships, including legal fees, court approvals, and annual financial reports. As an alternative, the article suggests considering a custodial arrangement under the Uniform Transfers to Minors Act (UTMA) for smaller amounts of assets, which is a simpler and less expensive option.
However, UTMA may not always be the most suitable choice, particularly for substantial assets or if the chosen custodian passes away without appointing a successor. In such cases, it is recommended to consult with a Houston estate planning attorney for tailored guidance on the best course of action.
To help families navigate this crucial decision, Whitney L. Thompson offers her assistance as a guardianship and estate planning attorney. She can provide the necessary guidance to ensure all legal documents and designations are in place for the chosen guardian.
For those seeking more information on guardianship and estate planning, Whitney L. Thompson encourages reaching out to discuss individual needs and concerns. Her wide experience in this area can provide invaluable support to families during the estate planning process.
About The Law Office of Whitney L. Thompson:
The Law Office of Whitney L. Thompson is a Houston-based law firm skilled in guardianship and estate planning matters. With a team of experienced attorneys, they are dedicated to helping families secure the well-being and protection of their loved ones according to their wishes. Their personalized approach ensures that each client receives the guidance and support they need when making crucial decisions for their family’s future.
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Phone: (281) 214-0173
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State: Texas 77068
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Website: https://www.wthompsonlaw.com/