Why parents of young child should have a Will
A Will is more than just document that specifies who will inherit your property and assets after you pass away. Importantly, for parents of young children the most important reason why they need a will is to designate who they would like to take care of their children in the unfortunate event that both parents pass on before the children reach adulthood. For parents, making a will is the single most important thing you can do to make sure your children are cared for by the people you would choose if anything should happen to you. When Parents work with an attorney to draft their will, they hold the power to designate someone that they trust to care for their children. (This person would be called a guardian) Additionally, the parents will also be able to designate who will the money/assets for your children until they reach adulthood or a specific age that you can set for them.
Choosing a guardian is probably the most difficult and important task for parents. It's hard to imagine anyone else parenting your children. But it's also one of the most important things you can do to ensure your children's future well-being.
If you do not have a Will that designates who will take care of your children if something should happen to you, it leaves the door open for lengthy court battles between family and close friends who feel they should care for the children and eventually the court will have to make those decisions. Moreover, in addition to naming a guardian, the parents also need to choose who will manage the assets and property that they have left for the children. The parents can either name the guardian they choose to care for the kids or can appoint someone else to keep all of the assets in check so they will be available for the children when they become adults.
There is a lot that does into making a legal will in Massachusetts that a lot of the online forms forget to include or do without. Therefore, it is important to work with someone who will be able to answer all of your questions and help guide you through making all of these important decisions. Feel free to get in touch with me at 978-566-1075 or click here. I will be more than happy to run through options with you in a free consultation and explain some of the Flat Fee services that you might be interested in utilizing.