Importance of Wills When You Have a Baby In Alberta
When you become a proud new parent, the very last thing on your mind is death. You just welcomed a vibrant and sweet new life into the world, and everything is great. However, before long, you need to look to legal ways to protect your children. Wills after babies are not the first thing people think of, yet you want to do everything you can to take care of your children, and that includes creating a will for yourself and your spouse.
It’s the responsible thing to do, and you will have true peace of mind once you set it up, since you know your children will receive proper care in the event that you or your spouse pass away. The wills lawyers at Kahane Law Office in Calgary can help, but only if you call 403-225-8810. We understand the challenges of creating a will after you have had a baby.
Who Will Take Care of the Baby?
One of the most important things to consider in wills after babies is who will become the guardian of your children. If only one parent passes away, the remaining parent will naturally care for the baby. However, if both parents pass away, things tend to be more complicated. You need to determine who will take care of your children. The guardian or trustee you appoint also manages your money for your children. They do this until your children are adults and able to manage money on their own. When you are choosing a guardian for your children, you will want to make sure you choose someone who is trustworthy and entirely responsible.
What Happens With Your Assets?
You want to make sure your children have finances in place to care for their needs when you pass away. Wills after babies can help with this, and you can have a trustee or guardian make sure that the children’s needs are taken care of while they are growing up. Once they are of age, they will be able to take control of the assets on their own. A will after babies or children ensures the children get the assets you want them to receive. These types of provisions are referred to as trusts for minor children or minor beneficiary trusts.
When Should You Create Wills After Babies?
The sooner you create a will the better. You can create a will while you are still expecting, or when the baby is born. However, you do not want to wait too long, even if you think that you might have some financial changes down the line that could change your circumstances. You can always redo the will later to reflect those changes. However, it is important that you have something in place right away just in case the unthinkable were to happen. When people struggle with wills after babies are born, we put them at ease. The cost of redoing your will after you have children is very low when you just want to make a minor change. Getting wills after babies are better than having no will at all.
Best Wills In Alberta When You Have Children?
Only a fraction of the people out there actually has a will, even though most realize how important it is. This means that most people have no idea where they should begin or what they should do. Instead of trying to create a will on your own, you will want to work with one of the lawyers at Kahane Law Office in Calgary, Alberta who has experience in the matter. They ensure that your will is set up properly, and that you do not forget any major elements, such as who becomes the guardian of your children. The lawyer can walk you through the process so you understand what will happen and how your children will benefit from the will.
Contact Our Calgary Wills Lawyers If You Have Minor Children
Let us guide you through the decision making process when it comes to wills after babies or children. They are extremely important if you have any minor beneficiaries. Kahane Law Office assists you in drafting a will to protect your children with a minor beneficiary trust. CONNECT TODAY. We can be reached at 403-225-8810 or toll-free at 1-877-225-8817 or email us directly here.