October 07, 2020 12:41 AM UTC

How to Plan a Will That Protects Your Kids

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• by: Phoner

If you’re an adult with children, you should make a will. Even if you’re young, it’s always better to be prepared for the worst. That way, you don’t have to worry about what will happen to your children if a disaster occurs. Follow these steps to ensure that your will is legally binding and appropriate for your situation.

Consult With a Lawyer

Because wills are legal documents, you should work with an estate planning lawyer Hernando County FL. Your lawyer advises you about the laws around wills in your state and makes sure that your plans are realistic. He or she can also serve as your will’s executor after you pass.

Choose Witnesses

For your will to be legal, you must have it signed by two or three witnesses. In most states, witnesses must be at least 18 years old, and they cannot be recipients of your will. Doublecheck your state’s requirements before choosing your witnesses to avoid picking invalid ones.

Decide What To Do With Your Assets

Now comes the tricky part: deciding who gets what when you die. You can simply have all your property sold and stipulate that your children split the profits evenly. On the other hand, if you have specific items that you want each person to receive, you must explain these wishes in detail.

Pick a Guardian for Your Children

If your children are minors, name people to serve as their guardians. Many people choose family members or close friends, and if you don’t ask the person for permission first, list a few options. Keep in mind your potential guardians’ ages when you choose them. For example, your parents are great with your kids, but if they’re already over 80 years old, they’re not the best option.

Follow these steps to make a will that protects your children in case of a disaster.