Of course, no one wants to think about dying, but as a parent it is your job to prepare for if the worst should happen.
I know it is a horrible thought, but imagine you and your partner are both killed in a car accident, what would happen to your little ones? Who would take care of them? Would they end up being put into care?
It might be a hard topic to think about, but if you don’t make preparations, if the worst should happen and you are no longer around, your children’s future could be put at risk. If you don’t get organized and prepare properly,could become wards of the state, which is most probably, not something you want.
It might be hard to deal with, but making preparations for the unlikely event of your death is essential. Here are our top tips for making sure your little ones are properly looked after once you have gone:
Make a will
One of the most important things you can do to ensure that your children are properly looked after in the event of your death, is make a will. You can use your will to make provisions for your children’s future.
If you don’t make a will and die, then the state will make their own assumptions about what you would have wanted. Of course, these ideas may not be what you wanted, and your children may not be brought up by who you would have wanted to bring them up.
Make an appointment to meet with an attorney, to discuss your will. Your attorney will be able to help you get to grips with everything you need to do and can help you ensure your will includes everything you need it to.
Get life insurance
To ensure that your children will be well provided for in the event of your death, it is a good idea to look into getting life insurance. Mums get cover here for life insurance, to make sure your children are well looked after if the worst should happen.
There are various life insurance policies available, to find the best one it is important to think about your children’s needs and how you would want to provide for them. Would you want money to help bring them up? Or would you want to give your children money for when they turn 18? Ask yourself what sort of financial care you would like to provide for them.
Choose a guardian for your child
A major benefit making a will is that you can use it toin case anything happens to you before they reach 18 years old.
If you die and you have a partner who is the biological father or who you are married to, your children will go to them. However, if you are a single parent or are living with a partner who is not the biological father, it is a good idea to appoint guardians for your children.