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If We Go, the Kids Are Screwed

This is my family.

For some time now, my wife and I have been talking about the need to update our estate plan. We did a basic plan about ten years ago before taking a vacation to Japan without the kids. But we knew we had a plan in place, so it just wasn't a priority. Sound familiar?

Because I'm opening an estate planning practice in Washington, I thought I'd better just make sure I was all set myself. Imagine my shock and surprise when I finally pulled out my own plan and found that, if something happened to Kristina and me today, our children would be completely screwed.

I've learned an awful lot in the last ten years of legal practice. Enough to know that my plan from our Japan trip ten years ago would entirely fail today. Our youngest wasn't even around then. What would happen to her? Disaster.

The fact of the matter is that most people's plans are set up to fail. Most estate planning lawyers are simply document preparers, and very few focus on families with young...

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