Estate planning is not just about distributing assets; it's also about ensuring the well-being of those who depend on you, especially minor children. One crucial aspect of this is specifying care arrangements for underage children in your Will.
Can I appoint guardians with Safewill?
Safewill's Family module allows you to appoint both a primary and a backup guardian to care for your minor children (under the age of 18) in the case that you pass away and there are no surviving people with parental responsibility.
Are there trust provisions for underage beneficiaries?
Our Wills include a clause that any share of the estate or gifts left to underage beneficiaries, is to be held in trust by your executor until they reach the age of 18. This ensures that the inheritance is preserved and utilised for the benefit of the underage beneficiaries once they attain legal adulthood.
Should I leave the guardian funds for caring for my children?
Our Will includes a provision that any inheritance you leave to your underage children can be used by their guardians for the children’s care and maintenance.
You can also include further guidance to your executor about how funds are to be used to care for your children in the Asset Notes section of the Will. Whilst this guidance would be non-binding, it can be beneficial to communicate your preferences.
Should I discuss my wishes with the guardian?
Users are encouraged to discuss their wishes directly with the chosen guardians, which provides an opportunity for individuals to convey their expectations and preferences regarding the care of their children in the event of both parents passing away.