If you are a parent, it’s imperative that you have a legally binding Will in place. By putting a Will in place, you can ensure that regardless of what the future holds for you, you have secured your children’s futures. Having a Will is something that every parent needs to have – even if you’ve verbalised your wishes to other family members about what should happen in the event of your death, you need to have a legally binding Will in place.
Let’s take a look at three simple reasons why every parent really should have a Will in place.
1. Avoid leaving your children in a chaotic situation
This might sound like a bit of an exaggeration but the truth is that dealing with a person’s estate after they die is no easy task – there’s a lot to think about and organise, and that’s without having children in the equation. It’s for this reason that it’s important to put a Will in place, so that should anything happen to you, your children aren’t left in limbo with well-meaning relatives arguing over who can care for them best.
By putting a Will in place, you can ensure that your children are left with the people who you want to care for them in the event of your death. If you don’t have a Will in place, your children’s future will be decided by the courts, not by you.
2. Determine legal guardians
A lot of people make the mistake of assuming that should something happen to them, their children will automatically go to live with a family member or close friend, however, if there’s not a Will in place, this is not automatically the case. If you don’t have a Will that sets out your wishes, then it will be the courts who decide where your little ones end up and what happens to them. Being in such an uncertain situation can be extremely distressing for children, and it can sometimes mean that your children end up being looked after by a person you would not have picked to care for them.
3. Protect your children’s financial future
If you want to ensure that your children inherit what you would like them to, then you need to set this out in your Will. If you pass away without having a Will in place, then your estate would be divided using the laws of intestacy, which determine where your money should go. This could mean that the money you have set aside for your children does not end up going to them.
No one wants to think about what would happen to their children if they weren’t around, but if you want to make sure that in your absence your little ones are well looked after, then you need to put a Will in place.
The good news is that with our new Will writing service, creating a Will couldn’t be easier, more affordable, or more convenient.