Are you busy with young children and keep putting off making a Will?
If the answer to this question is yes, then you are not alone. Many parents of young children put off making a Will for years. It is of course expected that we will all live a long life, into retirement, enjoying the company of our children and grandchildren. However, unfortunately this is not always the case.
A Will should be on the list of essential things to do when you are expecting a baby – along with; pram, steriliser and Moses basket. Postponing writing your Will is a risky strategy for anyone, but especially for parents of young children. In the awful event that both parents die, there is a risk of lengthy court battles, family disputes and potentially even temporary foster care for the children of the deceased.
Choosing who will care for the children if both parents die is a difficult process and one that can be very hard to talk over with a partner and loved ones. However, it does need to be discussed with both your partner and the potential carer to protect your children in the event of an untimely death. Bereavement councillors suggest that it is also beneficial for the choice of carer to be discussed with the children in question, this is of course a personal preference.
If both parents die with no Will in place and no official Guardians appointed, the children may be placed in foster care whilst the court appoints a suitable Guardian. This scenario can be avoided by planning now how your children will be cared for in the event of your death.
Your Will can detail who will be responsible for caring for your children and how the estate will be distributed to provide for the children’s future. If you die without making a Will then you will be Intestate and subject to Intestate rules. It is easy to assume that your wishes regarding your children and estate will be honoured in the event of your death. Without a valid Will in place, this is seldom the case.
The prospect of an untimely death is hard to confront head on, particularly when considering your children coping without one or both parents. There are approximately 24,000 children bereaved of a parent in the UK each year. If there is no valid Will in place, then confusion regarding the estate can be an additional source of stress for the surviving family, particularly for children of the deceased.
Drawing up a Will
Drawing up a Will can be an emotional process, but it is not expensive or time consuming and can be completed in the comfort of your own home at a convenient time to you. Gerard James Estate Planning Limited conducts all their consultations and Will writing at your home. Writing your Will is not something to shelve at the bottom of the ‘To Do’ list. Call Gerard James Estate Planning Limited on 07905 748073 and book your consultation today.