Parents encouraged to make a will
Research has found that 80% of households with dependent children have not made a will, primarily because they deem the process too complicated or too morbid to think about.
However, if the unfortunate event of both parents dying happens, a court may have to decide who should look after any children.
As a result, Child Trust Fund (CTF) provider, The Children’s Mutual, has launched a new venture with wills and probate specialists, Flint Bishop solicitors.
Tony Anderson of The Children’s Mutual explains that following discussions with our customers, the issue of wills and securing their children’s futures was a high priority.
“We know that parents appreciate the importance of writing a will but it often gets stuck on their ‘to do list’ for some time because they assume that it will be time consuming and expensive, as well as an emotionally uncomfortable task. But when you consider the potential alternatives it clearly is a necessity“ said Mr Anderson.
Alan Mercer of Flint Bishop solicitors added that making a will isn’t something people like to consider but by doing so, parents are reassured that should the worst happen, the wishes for their children will be taken into account.
Furthermore, it means that other family members won’t be left sorting out complicated financial and legal matters, concluded Mr Mercer.
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