It might be logical to say that everyone would be better off with some planning for their estate, today we want to focus on families with kids.
While nobody wants to sit down and think about what happens to their kids if they suddenly, and unexpectedly, die; there are many important reasons to do so. First of all, as a parent, we know you want what is best for your children. In your mind you probably have ideas about whether you would want your kids to be raised by a friend, godparent, or your favorite aunt. Without a Will, the state has no way of knowing who you would trust to raise your kids.
Second, it is unlikely that the state would pick the worst person in your family to take on the task, but creating a Will ensures that your wishes are considered!
Finally, you may admire the way your aunt loves and dotes on your children, but perhaps your accountant brother would be a better person to manage the assets that your child may now inherit upon your death. A Will will allow you to create some distinctions about who manages what aspects of your child’s life, until they become an adult.
It is hard to predict all the nuances that you might want to spell out in a Will, and we at Dagger Law recommend that you sit down with an attorney to ensure that your wishes and intentions are clearly defined, and allowed, under the law. We are here to help you protect your assets, and your children’s future, today.