Why you should name guardians for children
Many people think the time to make a Will is when they’re old and two steps from the grave. That is not the case. Whenever anyone begins to acquire assets or income, they should think about a Will. On the personal side, whenever anyone becomes a parent, they need to anticipate that they may not survive until the child becomes an adult. It may be unlikely, but having a Will in place provides some insurance, and allows you to name guardians for children.
These are some of the main advantages of having a Will if you have children. If you have children, a Will is a must.
Naming guardians for children.
A guardian of is someone who takes the place of the parent and assumes the responsibility of raising the child until the child reaches the age of majority, typically 18 years of age. Raising the child means caring for their education, attending to all the child’s health issues, Continue reading
One of the most important questions that you must ask yourself when you are making a Last Will and Testament is how to choose a guardian for your children. None of us ever want to think that we won’t be around to care for our children until they are adults. However, sometimes that becomes a reality.
It is not very likely to happen, but you do need to make sure that there is a provision for someone to look after your children in the event of your death. You can do that by making a Will and giving some detailed thought about how to choose a guardian for your children.
A Will allows parents to name the person or people who you would like to appoint as guardian for your children. This is one of the most important provisions in a Last Will and Testament for all those of us who have minor children.
If you do not choose a guardian in your Will, one will be appointed for you by the court. The decision of who looks after your children will be taken out of your hands. To avoid this, it is very important to choose a guardian in your Last Will and Testament.
What are the things that you must think about when you choose a guardian? Here are some questions that you should think about. Continue reading
Do you want to know how to write a Will? Even though writing a Will is one of the most important things that everyone ought to do, most of us are very good at avoiding the issue. Most people put off the task of writing a Will, even though it is one of the most important things that we can do for our family.
The one thing that you should not be apprehensive about is that you do not know how to write a Will. There are plenty of resources out there to help you.
None of us really wants to think about our own demise, so putting off writing a Will seems like the easier option. Unfortunately, the reality is that if we don’t deal with the task of writing a Will we leave our loved ones with huge potential difficulties.
Most people don’t make a Will – but you should not use this as an excuse! Writing a Will ought to be a very painless process and it can be quite affordable. Do not worry that you do not know how to write a Will. Continue reading
You probably know that your Last Will and Testament is a description of how your estate will be distributed after you have passed away. It gives you an opportunity to recognize the people and organizations that have had an impact on your life and insures that your assets are distributed according to your wishes. But beyond the distribution of your assets, this article will highlight four key appointments that are made in your Will.
Your Executor (or Personal Representative)
This person has the responsibility to carry out the instructions in the Will and without a Will the Executor will be appointed by the courts. It’s a difficult appointment to make because you need to find somebody with the organizational skills to collect your assets, file your taxes and provide reports to the beneficiaries.
The Executor has to of course be trustworthy, Continue reading