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Wills – Impact Financial Services

10 years

of experience
WILLS

Why is a Will So Important in the UK?

In the UK, creating a will is crucial for ensuring the well-being and future of minor children in the unfortunate event of the death of one or both parents. While many people consider wills primarily as tools for property distribution, their significance in appointing guardians for minor children is paramount

Wrap-up

Creating a will in the UK is a straightforward yet vital step in safeguarding the future of minor children. It provides legal clarity, emotional stability, and ensures that the parents' wishes regarding their children's care are honored. By raising awareness and understanding the importance of a will, parents can take proactive steps to protect their children’s well-being in the face of unforeseen circumstances.

Appointment of Guardians

A will allows parents to appoint guardians for their minor children. Without a will, if both parents die, the court will decide who will take care of the children. This could mean that the children might end up in foster care or be placed with someone the parents would not have chosen.

Preventing Trauma

Children who lose their parents are already going through a traumatic experience. Ensuring they are placed with someone they know and trust can help provide stability and emotional support during such a difficult time. Being placed with family or close friends as per the parents' wishes can make a significant difference in the child’s ability to cope.

Legal Clarity

A will provides clear, legally binding instructions regarding the care of minor children. This prevents potential disputes among family members and ensures that the parents' wishes are respected and followed.

Complete the short form

Avoiding Foster Care

Without a designated guardian in a will, children could be placed in the foster care system temporarily until the court determines the most suitable guardian. This can be an unsettling experience for children already dealing with the loss of their parents.

Addressing Special Needs

If a child has special needs, parents can specify in the will who is best suited to care for them. They can also outline specific instructions or wishes regarding the child’s care and upbringing, ensuring their needs are adequately met.

Financial Security

While your focus might not be on property, a will can also ensure that any assets are used to support the children. Parents can set up trusts or appoint trustees to manage the children’s inheritance until they come of age, ensuring financial stability and support for their future.

Raising Awareness

There is often a lack of awareness about the potential consequences of not having a will. Many people assume that children will automatically be placed with close family members. However, without legal documentation, there is no guarantee this will happen. Educating parents about the importance of a will can prevent unnecessary hardship and uncertainty.

Steps to Create a Will

When we want to name a legal guardian for our children in our will in the UK, we need to know several important issues:
  • Consult a Solicitor: While it is possible to write your own will, consulting a solicitor can ensure that all legal requirements are met and that your will is valid.
  • Appoint Guardians: Clearly name the individuals you wish to appoint as guardians for your minor children.
  • Outline Your Wishes: Detail any specific instructions regarding the upbringing and care of your children.
  • Review and Update: Regularly review and update your will to reflect any changes in circumstances or preferences.
IMPACT

Summary

So if you have children and you have not yet prepared a will in the UK regarding the care of your children, you can contact us or fill out the form.
1
In the event of the parents' death, the lack of a will means that children will probably end up in a foster family with people who are strangers to them in terms of culture, nationality, and family.
2
Preparing a will for the care of children in the UK ensures that the children will be placed with the closest family or individuals chosen by the parents.
3
The will also guarantees that there will be no family disputes over who has the right to seek custody of the children.
4
The will should specify a person to act as the legal guardian and designate an executor who will assist the guardian in obtaining guardianship.
5
Having a will offers peace of mind, knowing that children will be taken care of according to the parents' wishes, minimizing uncertainty and stress during a difficult time.
6
Our law firm's reliable execution of the will ensures that your children's future care will not be at risk after your death.
Impact Financial Services are experienced insurance and mortgage advisors who will effectively advise you at the end.
  • 15 Suite, Unit 4, Blenheim Court, Peppercorn Close, PE1 2DU
  • office@impactfs.uk
  • 020 7046 6592
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