How should parents plan for minor children in an estate plan?
Parents should consider guardian nominations, trustee or custodian arrangements, beneficiary designations, life insurance coordination, and who can manage property for children. Minor children generally cannot manage inherited property directly, so the plan should address both care and financial management.
This is general information for Texas readers, not legal advice for a specific matter. The right answer can change when documents, deadlines, family conflict, taxes, business interests, fiduciary duties, or court requirements are involved.
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