If I have children, do I need a Will?

Did you know that if you have minor children, you need a Will?

You may think that you don’t need a Will because you don’t own a home, or have enough money in savings.  But if you have minor children, you need a Will to name the person/people you want as Guardian(s) to care for your minor children.  If you don’t have a Will, the decision may be left up to the Courts. 

Who do you want to care for your child if something happens to you?  If you don’t name a Guardian, then any of your child’s next of kin can petition the Court to be appointed Guardian.   Even a family member you wouldn’t choose.

Who do you want to be in charge of your child’s money/inheritance?  You can name the same person to handle money, or you can name someone else.

What age do you think your child will be ready to handle their inheritance?  If you don’t have a Will, then your child will have access to their entire inheritance as soon as they are 18 years old. 

Call us for an Estate Planning Consultation today.  We can help.

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