Wills for Parents with Young Children

You will have heard this said lots of times: “Making your Will is very important.”

And you know that it’s true. But does anyone REALLY talk about what you need to consider and decide on when planning for your children’s futures if you’re not there to look after them. Your friends and family can’t necessarily tell you what you’re supposed to do to make a Will, or how to go about deciding things like who to chose as a Guardian.

Advice from a trusted expert

It is very likely that you are here because you have lots of questions about writing or updating your Will – and those other services you have found online, or from the bookshop seem a bit… well, not ‘enough’.

While you could use one of the many DIY Will options available, there remains the possiblity that unless you get it absolutely right, your bargain DIY Will ends up creating more problems than it solves.

Every Will from Lawscape is drafted by a real person – a legal expert who knows the right questions to ask and has the experience to know how to make the right Will for your individual and unique family circumstances.

Who will care for your children?

Most parents don’t realise that when there is no surviving parent Social Services will take responsibility for the children until a court decides what is to happen to them, unless there is a guardian appointedl. Naming a guardian in your Will means that your children will be looked after in the way that you wish. See more Guardians – Facts.

Think of a Will as a kind of insurance

It might help you to think of writing your Will as a kind of ‘insurance’ that will protect your family’s assets and safeguard the care of your children should the unthinkable occur. It is an ‘investment’ that outlines how you want to distribute your estate to your loved ones and who you would like to care for your children if you are no longer able to.

My children are too young to inherit, what should I do?

You can set up a trust for your children that would let you to “save” that part of their estate until they are of an age that you wish them to inherit the estate. Usually, the inheritance ages for such trusts is 21 or 25 years of age, but it can be at 18.

Mirror Wills

For most married parents with young children, it is prudent to consider mirrored wills. As care of the children and most of the property and assets are shared, it makes sense that these should be equally passed between you if one parent outlives the other, especially while the children are young. Mirror Wills are relatively straightforward to set up and cover all of the potential situations that could arise.

Get a free, no obligation personal consultation
It costs nothing for your initial consultation and we can provide you with face-to-face service at your home or office (depending on the area) or wills at a distance using phone, Skype, email & PDF, the post or through an online data form.

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Call us on 01225 582582 or 07942 959599, connect on Skype lawscapeuk or Contact Us online.