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| Photo by Irina Murza on Unsplash |
{This is a Collaborative post}
Once you become a parent your whole perspective changes, or certainly mine did. Every new thing looks as if it holds danger and you worry constantly for your children. But worry isn't productive, so it is important to actually take some firm steps to ensure that your children are well looked after, safe, happy and financially secure if the worst should happen to you and your partner.
Here are a few ideas to get you started -
1. Make sure you have a Will in place
2018 research from Which showed that 54% of adults in the UK do not have a will, this is an astounding figure. I daren't imagine what would happen if my husband and I both died and our estate had to be sorted out and there was no will. I want the kids and their guardians to easily have money available to them to start sorting out their plans and living arrangements for the future.
We chose to make mirror wills as our wishes were the same and it feels a cost-effective way of doing things. Other couples prefer to make separate wills and allow provision for the things they care most about. For us, it was the kids we cared most about and thus mirror wills worked perfectly. For the sake of drawing up a document that took us under an hour and cost less than £150, it would be crazy to die intestate and leave our children and their guardians with those kinds of problems.
Also, importantly, don't forget to tell your next of kin and executor where your will is kept!
