Cohortskates

Not only that, the judge can also take charge of the funds you want your children to have (for private school, camps, music lessons, prom dresses) until they are eighteen years old. [or instance, if your children are underage, and all you leave them is that life insurance policy, a guardianship for those assets is created upon your death, naming the executor or someone else as the guardian for this money. Each year the guardian has to go back to court to account for the money spent on behalf of the children during the past year. When each child reaches eighteen, regardless of each one’s ability to handle the money on his or her own, each one’s share will be legally signed ovei lock, stock, and barrel. By the time they get it, too, there will not be as much as there could have been, because every year there have been guardian fees and fees to a lawyer to do the guardianship reporting.