If you are a single mother, then making a will might be the last thing you want to think about, but making a will is one of the most important things you need to consider when planning your children’s future.
The children of single parents who don’t have a will could become the responsibility of social services: the identity of their guardian, and where they live in future can all be subject to dispute. Writing a will allows single mothers to set out a plan for their children and to make sure their children will be looked after in the way they wish.
Here are some key points to consider when making a will as a single mother:
- Decide exactly who will look after your children, which is especially important when you are a lone parent. In most cases the other parent can take full-time custody, however, if the other parent isn’t around, then you will need to choose who will be appropriate to look after your children.
Pick a second choice of guardian(s), in case your initial choice is unable to look after your children when the time comes.
- State the way that you want your children’s inheritance to be received, including at what age. Please note, if you are separated but still married, your ex-partner will inherit your personal possessions if there is no will to state otherwise.
Another important point is to decide who will be responsible for looking after your inheritance until your children are old enough to receive it.
- Think about setting up a trust fund that can only be accessed for costs of raising your children.
Being a single mother has its owns challenges and we understand how valuable your time is, we can help you write a will and give you advice on what needs to be covered for your specific situation. Contact us today for a free initial chat.