One of the biggest fears of any parent is that they die leaving young children. Of course, we all want to leave our children what we can in financial terms, but if they are under 18 then they will also need a guardian to look after them.

It is sometimes assumed, wrongly, that a stepparent or grandparent will assume responsibility, but this is only guaranteed if you have left directions in your Will and you have not remarried since. Otherwise, the State will decide who becomes the legal guardian of your children in the event of your death and this could end up with them going into state care.

Having a valid will allows parents to set out who will be granted guardianship in the event of their death and it can make financial provision both in the short term and long term so that your children are properly looked after and given the best start possible without their parents support.

It is worth knowing that without a Will, siblings might be separated due to circumstances or legal procedure, especially where they have different parents from your former marriages. Furthermore, if you are leaving wealth behind, you might want to make provision for a trust for the benefit of your children rather than leaving them a large inheritance on their 18th birthday!

Making a Will is absolutely critical if you have young children or wealth to leave to children of any age. The more complicated your personal and financial life, the more important such a document becomes.

For more information see our Wills and Estate Planning page or speak to an adviser on 01628 507477.