Do Not Let the State Decide Who Raises Your Children and How Your Assets Are Distributed
What would happen to your children and your assets if you were to pass away?
If you die without a will, the state will decide who gains custody of your children. The court may pass custody to another family member it believes will protect your children’s interests. Unfortunately, if you do not have family members who are fit for the job, your children may enter foster care.
Creating a will or trust can allow you to dictate who will receive custody of your children after you pass, be it a family member, a friend, or another trusted adult in your kids’ lives. Your will or trust can also state who will receive your assets and property after your death, allowing you to designate assets for your children’s care and upbringing.