22 Oct 4 WAYS YOUR WILL CAN HELP PROTECT YOUR KIDS
A well-written Will can help you look out for your kids, even if you’re not around.
Here are 4 key ways your Will can help –
1- You can choose your executor
The first thing your Will does is allows you to choose your executor. This means you decide who’s in charge of administering your estate.
You can pick the person or people you trust most and in doing so, you can make sure your estate is in good hands until your kids are old enough to inherit.
2- You decide when your kids can inherit
In Queensland children can’t inherit under a Will, until they turn 18.
If you have young children, your executor can invest their inheritance until they come of age.
But if you feel 18 is just a little too young, we can prepare your Will to nominate the age your children must be, before they inherit your estate.
Many clients push it back to 21 or 25 years old, so their kids are just that little bit more mature and better able to put their inheritance to good use.
3- You can make sure your kids education is taken care of
Just because your kids are underage, doesn’t mean your estate funds can’t be applied for their benefit.
We can insert powers into your Will to allow your executor to pay for your kids’ education and advancement as they grow up. You can even name your preferred school.
4- You can nominate a Guardian
No one knows your child better than you do. In your Will, you can nominate the person you feel would be best to look after your kids in the event that you’re not around.
You can even set out an annual payment from your estate to cover your kids living costs and expenses.
We know you want your estate to make a real and meaningful difference in your kids lives. Getting your Will in place the way you want, is the best way to make sure that happens. Contact us to make your appointment today.