Whether it’s children who live with their parents, step-parents, their grandparents, or even adoptive parents, these days families are all very different.
However, the common element to all is that it’s so important to make sure your children are protected in the unfortunate event that you or your partner die. Even if you think you have nothing of value, you’ll still want your wishes carried out in terms of how your children are looked after, or dealt with in terms of any inheritance.
In short, children themselves need provision to ensure their future is secure, and you need peace of mind.
Wise Owl Wills has outlined below the main areas that children fall under, and why it’s so important to have a will to protect them:
If You Have Children Over 18 Years Old
- You want them to inherit at an older age than age 18 for example, or prefer that they had a share of their inheritance at age 18 and receive the remainder at a later date.
- By having a Wise Owl Will you’re making sure they get the maximum benefit from what your children inherit.
- Writing a will can also ensure that money or gifts given to your children during your lifetime can be taken into account
- The Rules of Intestacy state that all children are entitled to receive their inheritance outright once they reach the age of 18.
- This will happen regardless of their current financial position or levels of maturity.
- The Intestacy Rules also state that, if your children are entitled to benefit, then your estate will be divided up equally between all your children, but this may not be what you want.
If You Have Children Under 18 Years Old
- Making a Wise Owl Will allows you to name the people you trust to look after your children if you die.
- A Wise Owl Will allows you to write a will that names Guardians for your children. Our online will writing process is as quick, straightforward and cost-effective. We ensure that all the legal aspects of your wishes are properly covered.
If You Have Children from a Previous Relationship
- If you’ve got married or got into a civil partnership and you die without a writing a will, your new partner will inherit the first £250,000 of your estate outright, which may mean that your children get little or no inheritance.
- If you’re in a relationship but NOT married or in a civil partnership with your partner and you die without a Will, all your property and possessions in your estate will be inherited by your children
- This means your new partner will be left with nothing.
- You can make provision for both your new spouse or partner and your children.
If You Have Stepchildren
- The Rules of Intestacy, don’t reflect today’s different types of relationships, in fact they ignore stepchildren entirely.
- If you’d like to provide for a stepchild after you pass away, you need to state this clearly in your Will. They will not inherit any of your finances, property or possessions if you don’t.
How Wise Owl Wills Can Help
Wise Owl Wills provides a smart, quick and easy, online will writing service. Prices are just £35.99 including VAT for a single will, and only £47.99 including VAT for a 2-person mirror will. This means that when writing your will, you and your other half can create a mirror will with the same wishes as one another – highly effective when choosing a guardian to look after your children, or ensuring that you children are protected in general.
Also, solicitors can be pretty expensive, so using our online will making kit is a much more cost-effective way of securing a legal document to protect your assets and possessions for the future. So you don’t have to worry about cutting short on money that can be used on your children and Wise Owl Wills works on any device too, including your phone, so you can make a start anytime you want for your complete convenience.
So what are you waiting for? With our cost of writing a Wise Owl will at such a fantastically low rate, and such a simple process too, it’s clear to see it’s the wise decision in doing a will online. It is a cost-effective and secure way to secure your children’s future with a Wise Owl will.