Make a Will to Provide Your Children with the Best Outcome Future
As a parent, you want the best for your children even after leaving them behind. And, writing a will is very important as it gives you peace of mind knowing they will be taken care of and protected.
A will is an important document that indicates who will inherit your real estate , bank accounts, jewellery, and other properties after you die. You can either distribute certain possessions to each of your children or leave everything you have to a single person (if you only have one child).
A will can indicate who will care for your children
Your will is much more than a way of allocating all your properties once you left. It is one of the most important things you can do to ensure your children is cared for and secured by individuals you’d choose if anything must happen to you.
Usually, in a will of parents, a guardian is designated to care for the child/children if their parents die before they become adults at legal age. Also, the parents can appoint a trustee or property guardian to handle the inheritance of their children until they reach adulthood. Either choose at least two people to do the role or designate an individual to act as both property and personal guardian .
Your will can help you decide who is the right person to warp up your estate
After you die, you will be leaving a big job for your executor to accomplish. He/she will handle the court process to wrap up your real estate and. Aside from that, he or she needs to make a lot of decisions – small and big. That decision will have an impact on the inheritance of your children. Click here to see our FAQ!
Your will allows you to decide who should get what and who should not get anything
You can use the will to make your wishes clear. It also eliminates the tension that may likely to build up among your children. Leave any items you want to specific children or have the desire to let only one child get more than another. Whatever you wish for will be granted with a reliable will at hand.
Creating Your Own Will
The trust is you don’t necessarily need to seek help from a lawyer to make your will. Create your own either handwritten or typed out. It is simple and affordable too. Many are writing legally valid wills through the use of a will-writing software or a self-help book. Find out more Click here!
To begin with, list your liabilities and assets. Liabilities are debts which include loans, credit card balances, and mortgages, while assets are real properties which consist of houses, cars, life insurance, retirement accounts, bank, etc.
You will need to appoint someone you completely trust to be the guardian of your child or children when you die as well as an executor to manage your estate in accordance with your will’s terms. After the will is created, you and your two witnesses will sign for legalization.