We hear many young parents say that they do not need a will or power of attorney, because they are a young family and have little or no assets. However, that is not true. If you are a parent and your children are under the age of 18, you need a will to nominate a guardian for your children to take care of them after you pass. If you do not decide before your death, then the court will decide for you. This should be alarming to parents, because the court may appoint someone who you never intended to care for your children. It can also lead to costly legal battles between family members who try to obtain guardianship of your children after your death. By creating a will, not only can you nominate a guardian to care for your children, but you can also nominate the same or different person to handle your children’s financial well-being. These are big decisions to make and having a lawyer counsel you through the process can give you peace of mind.
Who Will Take Care of my Children?
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