If there is one thing that parents can do for their children, it’s writing a will. Parents spend a lot of time sacrificing their time, their energy, and their sanity for their children – it’s what we do for the people we love, after all. However, have you made an effort to go and get a will sorted out since you had your children? If the answer is no, then you are seriously behind.
Children need to be cared for their whole lives, and if there is one thing that is certain in life, it’s death. You do not know what could happen tomorrow or the day after. You do not know when things can change, which means that you cannot prepare for those changes. However, you can make sure that your children are prepared for them. You can consult a lawyer and set up a will that can ensure that your children are secure in the event of your untimely death. Your children need someone to be there for them if you can’t be, and if it happens without you having a will in place, the court will make that decision for you. It’s not what you want for your children, and we know that you care about them more than anything else in the world.
A will empowers you to make the best possible decisions about your estate and what happens to your children when you die. Estate planners will tell you that so many don’t write a will because they’re afraid to face up to the idea of their own death one day. It’s true, and it’s scary. The thing is, everyone needs to have instructions left for those that they leave behind. Whether you have a business ready to leave, a house that will need to be sold, or buckets of money in the bank, you need to consider where it’s all going to go. Choosing new people to guide and raise your children? Absolutely not an easy decision in the slightest. However, if you don’t make these very important decisions, then you will find that someone else has to for you.
Your children will need someone to look after the money you’ve left for them, whether that’s from a house sale, insurance policies, or from your own savings. You must write down and get it certified as to who will manage your finances, and you need to dictate where you want your money to go. You might decide to have trust funds set up for your children. You may have college funds lined up. Either way, looking after your money is a big part of having a will put into place.
It can cost some money you weren’t expecting to put a will into place, but you need to make this a priority expense for your whole family. Get a lawyer involved to read over your wishes and appoint someone to manage your estate for you. Don’t be afraid to set up a will. We cannot plan for life, but we can expect what happens to the loved ones that we leave behind.