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Estate Planning for Minor Children in Rhode Island

Serving Families Throughout Rhode Island and Massachusetts

 

 

 

If you are a parent of minor children, they are your most valuable treasure. At Lambros Law Office, we help families throughout Rhode Island and Massachusetts create comprehensive estate plans that ensure your children’s care and inheritance are fully protected. Proper planning allows you to select guardians and fiduciaries rather than leaving these critical decisions to a probate judge.

 

 

 

Choosing Guardians for Minor Children

Parents face two essential decisions:

  1. Who will care for their minor children if both parents pass away?
  2. Who will manage their inheritance?

 

Even if you are separated, divorced, or never married to the other biological parent, careful planning is essential to designate backup guardians. When selecting guardians, Lambros Law advises considering:

  • Individuals who share your faith, values, and priorities, and who have an established positive relationship with your children
  • Contingency planning if a chosen guardian predeceases your children or undergoes major life changes
  • Legal arrangements that cover guardians’ legitimate expenses or provide compensation
  • Obtaining the consent of selected guardians before naming them in legal documents

 

Selecting a Financial Fiduciary

A fiduciary manages your children’s inheritance and is legally bound to act in their best interest. At Lambros Law, we guide parents in selecting the right fiduciary to protect both family relationships and financial assets. Common approaches include:

  1. Family or Friends – Familiar with your children and often low-cost, but may face conflicts of interest or personal distractions
  2. Professional Fiduciary – Institutions or licensed professionals manage investments, taxes, and legal matters, though less personally connected
  3. Pro-Am Approach – Combines the insight of a family member with the oversight of a professional fiduciary to balance care, relationships, and expertise

 

Why Planning Matters

Selecting guardians and fiduciaries is vital to the well-being of your minor children. At Lambros Law Office, we help parents in Rhode Island and Massachusetts make these decisions with confidence, ensuring both care and inheritance are protected. Contact Lambros Law Office today to start your estate planning process for minor children and secure peace of mind for your family.