One of my greatest passions in life is to teach parents the importance of naming their parents to their parents and prepare in case of death or incapacity. Of course, the possibility of leaving this world may be difficult to accept. Therefore, many parents are struggling with this problem. However, such feelings can easily paralyze the paralysis of their parents and not take the appropriate measures necessary to protect those who love them.
Normally, I am talking to various groups, but since I am trying to convey this message in a brighter and cheerful way, real estate planning can be an aggressive, interactive and enjoyable experience.
But in today's article, I am dull and I am proceeding to that point. Simply put, it is very important for all parents to acquire legal assets so that children can be assuredly protected in the event of unthinkable happenings. As you can imagine, your children are extremely helpless and vulnerable in an emergency so your child will nurture them so that your children will not be thrown away by the mercy of the judges, or in your absence It will never be.
But once again, if I have not made my point yet, if I die without will or trust tomorrow, there are some difficult facts about what happens to your child:
1. Judges who do not know you or your child will decide who will raise them.
If something happens to you, who will step up? Who would you like to raise it for? If there is no real estate plan, will your relative be responsible for prosecuting anyone? Do you really want to have your children in it?
2. The person selected by the judge to raise your child is also responsible for financial well-being.
If something happened to you, all of your assets will be handed over to a guardian (not selected by you) that is managed for the child. Obvious fear is that this person is probably able to spend money for something other than to take care of your child. But there are a lot of other things to consider. Does the person chosen by the judge have the same financial value as you? For example, you might feel strongly that you want to attend the high-end sports clinic to support the development of sports skills. But do parents see the value of this? Probably they think that much money is in vain.
3. You can temporarily go to your child at the age of 18, assuming all the money left from your property.
Please think about this. What if someone hands you a bunch of money at the age of 18? A scary idea, is not it? The difficult thing is that most 18-year-olds are not mature enough to handle the age's finances. I was witnessed after the children who were supposed to be successful financially, but it was not because I decided to buy a car and clothes instead of investing in the future by going to college.
So, you have it. Let's think about hitting in the head for the person who needs this. I regard this article as a call for emergency wakeup and hope to do what you need to make sure that your family is protected no matter what happens.
From Darlynn Morgan, Wills Lawyer's desk
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