[WSBAPT] Joint Minor Guardianship

[Tara M. Roberts]

Two minor kids are named directly as beneficiaries to receive a decent
amount of life insurance over $50k each following death of father.  The
insurance company is asking for Letters of Guardianship from the surviving
parent.

 

I'm wondering if it is possible to do a "joint" guardianship action for both
kids, since the facts are so similar.  Mom will be guardian for both,
reporting schedule should be same, asset for each child is similar,
investment power should all be the same - with the obvious exception that
the guardian would maintain separate accounts for each child and account for
funds separately.

 

Any chance this would work?  Or is separate actions the only way to go?

 

Thanks in advance,

Tara M. Roberts

Puget Sound Law pllc

roberts at pugetsoundlaw.com <mailto:roberts at pugetsoundlaw.com> 

 

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