Planning For Your Children's Future In The Worst Case Scenario

PHOENIX - Sept. 28, 2023 - PRLog -- Kent Phelps, CEO and cofounder of Trajan Estate has released a blog that gives advice you may be surprised to hear. When planning your estate and the future for your loved ones, grandparents might not be the best choice as your children's guardians.

In the years of experience Kent has, he describes a few reasons to rethink having your parents or your partner's parents be your child's caregiver if you should pass away. For one thing, the relationship between a grandparent and grandchild is a special one, but that doesn't mean that the grandparent is excited to step in as a parent again. No to mention that it takes a lot of energy to raise a child, and they may not have the energy to take that role on again.

Kent also talks through the question of whether or not to tell anyone about your choice for your child's legal guardian. This decision could hurt feelings of those who are not chosen, or when you might have to change your choice at some point. Though it could be difficult, Kent advises telling the person you've chosen to make things easier on everyone involved. It gives them time to absorb the news and mentally prepare, and also gives you a chance to discuss parenting with your choice.

Regardless of your decision, the most important aspect is the wellbeing of the child. You can read the entire post about Choosing A Legal Guardian on the Trajan Wealth Blog. Planning your future is preparing for all scenarios, including worst case scenarios.

About Trajan Wealth:

Trajan Wealth LLC formed in 2012, was founded by CEO Jeff Junior. Prior to his 20+ years in the financial services profession, Jeff Junior was a member of the United States Marine Corps. Jeff continues to serve his clients and employees with the utmost service, respect, and attention to detail. The firm has multiple locations in Arizona, Texas, and Utah. Trajan Wealth is expanding to the Atlanta area in the coming months.

By using low-cost diversified portfolios under its fiduciary standard—and working closely with both its investment advisors and estate attorneys who work within one office—the company provides long-term support for its clients' retirement needs as well as their estate plans. This includes strategies for wealth accumulation and tax planning.

For more information on all the different services offered or to schedule a complimentary consultation, visit https://trajanwealth.com or call 1-800-838-3079.

Disclaimer:

* Advisory services offered through Trajan® Wealth L.L.C., an SEC registered investment advisor. Legal services are offered through ​Trajan® Estate, L.L.C. ​in Arizona and Utah, and independent law firms in other States.

Photos: (Click photo to enlarge)




Source: Trajan Wealth

Read Full Story - Do Grandparents Make Good Parents? | More news from this source

Press release distribution by PRLog