022 – Dads need a Will to Protect their Kids
Most people think of a Will only as a tool to transfer their stuff to their loved ones when they are gone. That’s true, but a will is a whole lot more! Your will is a tool to transfer your interest in the assets you own to your loved ones when you die. In this episode we discuss a horror story from a dad who died too young leaving a wife and children without a will.
We also discuss guardianship provisions for your Will and how important it is to choose someone to raise your children (in the event you and the mother both pass away while your children are minors). We discuss factors to consider and whether you should choose the same person to be the custodial guardian and to handle the financial issues for your children. You may be surprised at the answer.
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