Creating a will as a parent can be overwhelming, especially if you have never done it before. Northwest Strategy and Planning is committed to helping you create a will that meets your family’s needs and delivers peace of mind.
We understand the common questions parents have about this. Here are some answers to the most common questions we hear.
Q: When should I create a will?
A: It is never too early to plan for the future. As soon as you become a parent, or if you are expecting a child, it is important to consider creating a will.
Q: How do I make sure my children are taken care of?
A: When you create your will, you can name a guardian for your children who will provide them with a safe and loving home if something happens to you. You can also establish trust to ensure that your children’s financial needs will be met.
Q: What should I consider when setting up a trust?
A: A trust can give your children the financial security they need. When setting up a trust, consider how you want to manage the assets, how you want the trust to be managed, and how it should terminate.
Q: What occurs if I fail to create a will?
A: Without a valid will, your assets may be distributed according to the laws in your state. This could mean that your children may not receive the inheritance you wanted them to have.
Q: What should I do if I need help creating a will?
A: Northwest Strategy and Planning can help you create a will that meets your family’s needs. Our experienced team can answer your questions and guide you through the process.
Creating a will can be confusing and emotional, but the peace of mind it offers your family is priceless. Contact us to learn more about how we can help you get started.