Creating a Will is a crucial step for individuals with minor children, as it provides a legal framework to ensure the well-being and financial security of the children in the event of the parents' untimely demise. Without a Will, your state’s intestacy laws may dictate how assets are distributed, and a court will appoint a guardian for your children.
By having a Will, parents can specifically designate guardians to take care of your children. This choice allows parents to select individuals who share your values, parenting style, and overall vision for your children's upbringing.
Furthermore, a Will allows parents to outline how your assets will be distributed among your minor children. Establishing a trust within the Will can provide a structured and managed way for the children to inherit these assets when they reach a certain age or milestone. This ensures that the children are provided for financially, and it allows parents to have a lasting impact on your children's lives even after you are no longer present. In essence, creating a Will is a responsible and compassionate act that not only safeguards the future of minor children but also brings peace of mind to parents knowing that your wishes will be honored.
To get your Will done today, call (605) 275-5665 to speak with one of our many estate planning attorneys!