It’s a question most parents don’t like to think about—but it’s one of the most important questions you can answer for your family.
A Will and guardianship plan aren’t just about what happens to your assets. They’re about making sure the people you love are protected and your wishes are known.
3 Things Every Parent Should Know
1. You get a say in who raises your children.
Your Will allows you to nominate the person or people you would want to serve as guardians for your minor children. Without a plan, the decision may ultimately be left to the court.
2. Your children’s inheritance needs a plan, too.
Leaving assets to a minor child is more complicated than simply naming them as a beneficiary. A well-designed estate plan can provide direction for how and when assets are managed and distributed for your children’s benefit.
3. “We have a Will” doesn’t mean “we’re done.”
Your estate plan should evolve as your family does. Marriage, divorce, the birth of a child, a move, changes in finances, or a change in your chosen guardians are all good reasons to revisit your plan.
You don’t need to have a complicated estate to need a plan. If you have children, having a current Will and guardianship plan is one of the most meaningful steps you can take to protect your family.
Because while we can’t always be there to guide our children through life, we can make sure our wishes are there to guide the people who will care for them.