Crafting a Will when You’ve Got Kids: Must-Know Essentials for Parents

Talking about wills might seem morbid, but hey, it’s life! And when you’re a parent, what happens to estate after death is a big darn deal. For parents, the stakes are higher. You’re not only thinking about assets but also about who will care for your munchkins if you’re not around. Don’t let it keep you up at night, though – I got your back with some straight-up advice.

First off, pick a guardian. Not as easy as it sounds. Think about a person who’s got a good head on their shoulders, shares your values, and can handle tantrums and homework battles. Got someone in mind? Great. Now, chat with them. You’d be surprised how many forget this step and then, boom! Awkward discussions.

Next, let’s talk assets. We’re entering the land of dollars and dimes. You probably have a house, a car, or maybe a secret stash of rare Pokémon cards worth a small fortune. Kids might not be able to handle large sums of money, so think about setting up a trust. This is where you say how and when the kiddies get their hands on the loot.

Now, consider the executor. This is the person who will make sure your wishes are carried out. Could be a relative or that one dependable friend who never forgets your birthday. Whomever you choose, make sure they’re organized.

Writing a will isn’t just legally smart; it’s like leaving a roadmap for your children. Imagine they’re embarking on this epic adventure – the map you leave helps them find buried treasure instead of wandering in circles.

Don’t stall. Time waits for no one. Sometimes parents get so busy with piano lessons and soccer games that this crucial step slips through the cracks. Yet, a will is easier than wrangling kids for a family photo.