Having children under 18 brings immense joy, but it also comes with a vital responsibility – planning for their well-being in all circumstances.

One of the most important steps you can take is creating a Will. Here’s why a Will is crucial, particularly when you have children under 18:

Choosing Guardianship

Without a Will, the court will decide who cares for your children if both parents die. This can lead to a lengthy legal process, potentially placing your children with someone you wouldn’t have chosen. A Will allows you to nominate guardians, ensuring your children are raised by the people you trust and want the best for them.

Tailored Inheritance:

The legal age of inheritance in England and Wales is 18. If you die without a Will, your children will inherit everything you own outright at 18. This might not be ideal. A Will lets you establish a trust, allowing a chosen trustee to manage your estate and distribute it to your children at a later age you deem appropriate, perhaps when they’re financially responsible young adults.

Peace of Mind:

Knowing your children will be cared for and financially secure in your absence provides tremendous peace of mind. A Will fosters a sense of security for your family during a difficult time.

Minimising Disagreements:

A well-drafted Will minimises the potential for disputes over your estate. Clear instructions regarding guardianship and inheritance prevent confusion and potential legal battles within the family.

Appointing Guardians in Your Will

Choosing guardians is one of the most important decisions you’ll make in your Will. Here are some factors to consider:

Compatibility with your values:

Select guardians who share your parenting philosophy and can provide a loving and stable environment for your children.

Location:

Consider how close the guardians live to your current residence to minimize disruption to your children’s lives.

Willingness and ability:

Choose guardians who are willing and financially able to take on the responsibility of raising your children.

Age and health:

Ensure your chosen guardians are young and healthy enough to provide adequate care for your children in the long term.

Having a Will in place is an act of love and responsibility for your children’s future. If you wish to amend or make a new Will please speak to Nadine Walsh Gonzalez or Hayley Beeching our Consultant Solicitors who specialise in Wills and Estate Planning to ensure your Will is legally sound and reflects your wishes accurately.