Wills & Probate | The Importance of Wills if you have a vulnerable child
A lot of people seem to think that by preparing your Will you are only fast-forwarding the inevitable. Well, that’s not true at all. Preparing your Will only protects your assets and, most importantly, your family.
It is important to understand that failure to prepare a Will may only lead to severe consequences and your family will have to pick up the pieces when you are no longer here to express your true wishes. Don’t leave it for your family, especially as they will already be going through a very hard time losing a loved one. Not preparing a Will can cause problems for your friends and family, however extra attention to your Will needs to be considered if you have a vulnerable child or a child with a disability.
Whilst preparing your Will may not be at the top of your “to-do” list, it is important that you consider where you want your assets to vest when you pass away. Sounds morbid, but planning for the future of your loved ones will allow you to feel that they have been cared for when you are no longer here.
You may wish to leave money and other assets to your child – but what if that child will have difficulty managing their own finances? You should consider whether this will make matters more difficult for them and whether they could be taken advantage of. There are some children that continue to need help, even when they legally become an adult.
You may wish to consider having that extra layer of protection for your child, and you should take legal advice to ensure that your child is protected in the best possible way.
There are so many people who remain unprotected. Preparing a Will just means you have thought about protecting yourself and your loved ones, saving them additional problems and heartache.
Please contact me directly to discuss your situation and needs.
0207 183 4595
The information provided in this article is not intended to constitute professional advice and you should take full and comprehensive legal, accountancy or financial advice as appropriate on your individual circumstances by a fully qualified Solicitor, Accountant or Financial Advisor/Mortgage Broker before you embark on any course of action.