Things No One Wants to Think About.......

Each of our deaths is not a pleasant thing to think about.  Over the years I have seen
hundreds of people put off dealing with this issue.  For many, it was too late to take the steps
necessary to get there house in order. It may be human nature to somehow believe that it will never happen to you (or at least not yet).

If you have children under the age of 25, you may be shocked to know what can happen if you die without a will.  I most cases, any child under the age of 18 will not have appropriate access to any monies left to him or her until reaching age 18.  This can mean that the guardian of the child will be forced to raise your son or daughter without the benefit of these monies.

Maybe worse, once the child reaches age 18, he or she will get all the money with no strings attached. Even if you child is in his or her early 20’s, receiving even a modest inheritance with no string attached can be life altering – and usually not for the best.   I have seen lives ruined by young people inheriting money that he or she is ill prepared to manage or use in a mature manner.

It is so simple to make provisions that protect your child, and ensure that his or her inheritance is managed and used for the benefit of the child.  Once the child is a little older, then they can take responsibility for the bequest.

This advice is not just for people with young children.  Grandchildren can often inherit, and the same
caution applies.  A simple trust, written into your will, can go a long ways toward ensuring your heirs will receive his or her inheritance in an appropriate and well managed fashion. 

.