Most young parents don’t want to think about the possibility of death and see no need for estate planning. However, if a tragedy struck and both parents of minor children pass away, the situation left for their loved ones to deal with would be extremely complicated, expensive, and emotional.
One of the most important functions of a Will is to name guardians for minor children (who will handle their actual care and custody) and managing the estate (inheritance).
But where does one begin the process of making a Will?
Check out this short, informative article from Motherly; The Parents’ Guide to Creating a Will that can help guide you through the process.
Already have a Will? It is recommended that it be updated every 6-8 years, or after a significant life event (such as new marriage, divorce, birth of more children or grandchildren, significant change in assets, etc.)
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