Posts Tagged ‘Guardianship’
Will
You revealed that you had talked a little about preparing a Will for your family before the untimely passing of your partner caught you off guard.
Now then, is the time to finalize your action plan for you and your family. You will have learned by now that you can watch over other people, but you can’t make choices for them. Before you are stressed to the brink of mental exhaustion with doubts about what to do next, it is now time to act.
No more talking. It’s time now to prepare for a lifstyle change.
Your self-management skills that you have developed over the years can be a major boost to ease the path of living after the death of your loved one. When people use self-management talents, they most often gain confidence and the motivation needed to cope with the daily challenges of living and protecting the remaining family assets.
For helpful peace of mind, call your insurance agent, financial planner, lawyer or notary and arrange to work with whomever you choose to finalize the Will planning that you never got done before. The initial conversations with these professionals is usually free.
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In U.S. and Canadian law, legal wills are not required to be registered prior to death in most states and provinces, but are registered and put in the public record after the person making the legal will dies and the estate is probated. However, it is often still a good idea to have the signing and witnessing of a will notarized, to reduce the risk of disputes over the will’s validity after death. Wills can be used to nominate guardians for minor children, but because children are not property, the will cannot have the final word on the question.
Guardianship is decided by courts, though the usual outcome is that guardianship is awarded to the other surviving parent, or, if no parents survive, to the guardian nominated in the last surviving parent’s will.
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