Make sure your Will protects your children
Your young children will be particularly vulnerable if you pass away without putting in place the legal measures in your Will to give them the personal and financial protection that you can no longer provide. You can do this by appointing guardians for your children and including a testamentary trust in your Will.
A testamentary guardian appointed in your Will has the rights and responsibilities of a parent. If you don’t appoint one, you have no control over who the guardian of your children will be if you pass away. Selecting the right guardians for your minor children is an important and sometimes difficult decision, and we can provide you with guidance. We can also help you with a Letter of Wishes to guide a guardian on how you want your children raised.
A Testamentary Trust
A testamentary trust in your Will for your children allows you to select responsible controllers (trustees) who look after the inheritance in a trust for the benefit of your children (beneficiaries) while they are young. There are significant tax benefits in creating a testamentary trust in your Will for your young children as well as asset protection for them.
If you are partnered with the children’s other parent, you would typically include them as a beneficiary of the testamentary trust as well and would consider making them the trustee.
How We Can Help
We can assist you with putting in place a strong estate plan to take care of your young family. We will walk you through the various options so that your Will and other testamentary documents suit your particular circumstances. We hope your young children never have to rely on the plan, but if they do, you have the peace of mind to know that you’ve done everything possible to put strong legal protection around them in their growing years.
At our first consultation you will also receive a fixed fee quote on the plan decided on at that meeting.
Our unique ‘4 easy steps’ makes the process easy
Expert Estate Planning with Fixed Fees
Meet With Your Lawyer
Whether we meet virtually or face to face, we will listen, answer your questions, craft your estate plan and provide you with a fixed fee quote.
We’ll Keep You Updated
You will receive draft documents to review. You can discuss your plan with us at any time you want.
Final Document Meeting
We will go through all of your final documents together to ensure the plan is exactly what you want.
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"I had little understanding of the way in which Wills work and don’t work. My lawyer was a delight to work with. Nothing was too much trouble and they went to great lengths to answer our questions and ensure our understanding. We now have peace of mind about what we leave behind for our family."
"The Estate First team were very able to discuss and answer all our questions. I would be happy to recommend Estate First Lawyers for advice and preparation of wills."