First Child on the Way?
Most young adults put off planning for their heirs - with few assets, little obligations that outlive them, and a sense of immortality in the mix who can blame them? Then a baby comes along, and everything changes. Along with deciding a name, picking a crib, and a sudden urge to live it up comes an almost overwhelming sense of responsibility. This is the perfect time to start estate planning.
Who will care for the child if something happens to the parents?
This question launches more wills than any other, and rightfully so. A simple will can instruct those left behind how to care for dependents. It’s a difficult question, and some uncomfortable dialog can ensue as the odd parenting styles of crazy siblings, other kooky relatives and friends suddenly become heated dinner topics. Before kids, opinions about a spouse’s relatives may have been swept under the rug - but when deciding who will care for your baby, everything gets said. Remember to follow good disagreement etiquette: keep it impersonal, respect the opinions of others, find tactful words to describe shortfalls, include positive comments as well, you know the drill. Along the way you’ll learn what is important to your spouse, and maybe a little about what’s important to you as well. Having a child together forces communication and communication to much higher levels, so get used to it.
In the end you might be lucky - a clear choice will emerge. Or not, and you may need to cast the net wider. In any case don’t give up or postpone for later. The harder it is to choose a guardian for your child, the more important it is to do so. Don’t leave it to an unknown judge to make this choice. Then see a lawyer, and write up the will.
3 Responses to “First Child on the Way?”
Very useful info..thanks for sharing! chao
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The article is ver good. Write please more