A common mistake is to think that because you may not have considerable savings or property, you do not need to make a will - everyone needs a will if they own any assets or have minor or disabled children.
Why spend years attempting to create wealth and then take so little care to provide for loved ones, friends or charity.
The best time to start considering making a will is when you purchase your first property. Even if you have little or no equity in the property you still have something to leave. The household contents of the property, you may wish a particular relation or friend to have them upon your death.
Why spend years attempting to create wealth and then take so little care to provide for loved ones, friends or charity.
The best time to start considering making a will is when you purchase your first property. Even if you have little or no equity in the property you still have something to leave. The household contents of the property, you may wish a particular relation or friend to have them upon your death.
What happens to minor children upon death of a parent? This is dependant on your own circumstances and if a surviving parent has 'Parental Responsibility'. If both parents die who has 'Parental Responsibility' and they did not make a will with appointing a guardian, then that child becomes responsibility of the Court. Until the Court appoints a guardian, the child may be taken into care. Appointing a guardian in your will with alleviate the Court to make that decision. There are advantages to appointing a guardian
- you chose the person whom you wish to take care of your child, rather than a judge deciding.
- of appropriate you child can have a say who they wished to look after them when your no longer around
- you have the assurance and security know who will bring up your child
- with your chosen guardian and leave him or her a detailed letter of your wishes
- you can discuss your choice with your family and pre-empt any dispute about who should care for your child after your death.
