At the time in your life when your child relies on you the most, you are the least likely to have a plan in place. According to a recent survey, 90% of Americans aged 18 to 34 do not have a Will.
Many believe that Wills and estate plans are for those who are elderly or who have substantial assets. What they are missing is that Wills are also the best way to nominate a guardian to care for your child should you be unable to.
If both parents pass away, a guardian would need to be appointed by the Court to provide for the child’s personal and financial needs. The guardian of the person, the individual who would be… Read the rest