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Yearly photos w/ interests noted. Make up a few pages in photoshop or an editing program of choice, and create a printed 8x10 book. Give to your children when they graduate as a gift...I would use a few head shots and definitely lifestyle candid shots to get the real feel of what they were like at each age.
first off, great photographer who ever they are very nice lighting second.. when I have a family my poor husband and kids are going to have sooooo many pic taken of them I love this!