WHY PARENTS OF MINOR CHILDREN MUST HAVE A LAST WILL AND TESTAMENT

last will and testament

WHY PARENTS OF MINOR CHILDREN MUST HAVE
A LAST WILL AND TESTAMENT

For many of us, a Will is something for “older” people. Only people who have lived a long life and acquired wealth and property need a Will. This is not the case. A will is essential for anyone over the age of 18 with any assets. Without a Will, State Law will make all your decisions for you. Intestacy Law varies from state to state. It attempts to follow the intentions of the average person, but often pleases no one in trying to please everyone.

This is especially true for people with young children. Perhaps the most important reason for young parents to have a will is to assign guardianship of minor children. It is the only way to ensure your intentions are followed if tragedy strikes. Without a Will, this decision is made by the State. This process is not only costly, but can become ugly as family members clash over what they feel is best for the children.

Designating who will care for your children is an important and personal decision. There are many factors to consider. You probably want a guardian who will raise your child as you would.

You must consider:

  • The religious or moral beliefs of the guardian.
  • Can the individual afford to take care of the children in the lifestyle you intend for them?
  • One must also consider if the work and social schedule of the intended guardian allow for them to care for the children.
  • Lastly, is the individual willing to take the children?

Communication with the intended guardian is essential.  Be sure the person you choose will act in your best interest.

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