How to Approach Life Planning to Secure Your Children’s Futures

This is a guest post by Jackie Waters. Ms. Waters believes balance and diligence can help you achieve a beautiful, clean home. She runs hyper-tidy.com, providing advice on being…Hyper Tidy!

If you’re not an attorney, accountant, or financial planner, you may have anxiety about life planning and making the right decisions to secure your children’s futures. You’re not alone. Many parents are not sure where to begin with planning for contingencies in relation to their children, making financial considerations, and knowing where to go for help. Our guide will help get you started.

Do Estate Planning Now

You need to do some basic estate planning regardless of your age and the ages of your children. The first step is to write a will to determine who will serve as guardians for your children if they are minors. Even if your children are not minors, you should have a will so that you can rest assured that your final wishes will be carried out and that your property, possessions, and assets will be divided as you desired them to be.

You don’t need to spend a ton of money on attorney’s fees in drawing up a will; many online resources are cost-saving alternatives that produce binding legal documents just like attorneys do. However, if you have a large estate, several specific requests, or questions about guardianship, it may be better to meet with an attorney. Read more of this post