Many young adults with minor children believe executing a Last Will & Testament is not a priority because they are young and healthy. However, we all know that tragedy can strike at any time, and being prepared is your best bet, especially if you have a minor child. A Will can help protect your minor child or children in a few ways.
Many responsible people execute a Last Will & Testament; but unfortunately, many of those same people shove it in a drawer and forget about it for years, sometimes even decades. Failure to keep your Will up to date can lead to just as many problems as not having a Will at all. When you initially execute your Will, it represents your intentions and feelings as of the moment you sign the Will. However, as you become older, your circumstances and desires often change.
At some point, each of us will leave behind loved ones who must pick up the pieces after we are gone. As our loved ones struggle emotionally with our loss, they are also put in a position of responsibility with regards to our burial and estates. The least we can do for these loved ones during this difficult time is have an organized plan for them to follow so they are not left picking up the pieces from scratch. The following list consists of some helpful tips and is not intended to be exhaustive.