To be completely honest, estate planning can be a tricky task to tackle. Those who actually make an attempt at developing an estate plan have made a big step because many people never even take the first step towards estate planning. A huge number of people have no Will, and the majority of them have children. Dying without a Will means leaving the well-being of your children unprotected.
Without a well-drafted Will, your unexpected death may mean that your teenage son ends up having access to significant amounts of money when he is not yet capable of making good decisions with that money. Likewise, your small children might end up being given to a family member that you would not want raising your children in your absence.
Even if you have a simple estate, you should still have a simple estate plan. A simple Will allows you to choose when your children will receive your money and who will care for your children if you are suddenly not able to do so.
Do you need an estate plan? Do you need to update your current estate plan? Contact us today for more information.