If you’ve ever left the house with an extra pair of training pants in your purse, you understand the need to prepare for the worst. Getting to a lawyer’s office and having your will drawn up (or updated) follows the same principle. Just. In. Case.
To help you get started we spoke with Bill Parker of Parker and Company and he gave us some thoughtful advice about what to think about when it comes to estate planning.
Why the Will
Simply put, it lets you express your wishes even after you die. If the worst happens and your children are left without parents it lets you name the person (or people) you would like to take on the role of their guardian or guardians. The person you appoint will immediately be able to care for your children when they need it most and any family struggles will be avoided (when your children need that least). The wishes you express in your will also have a strong influence when the courts decide on permanent guardianship for your children.
Tagged under: children,Wills,Guardians,Bill Parker,Custody,Estate Planning