David White discusses how you could ensure that your children’s financial situation was looked after should anything ever happen to you while they were still young.
Last week, we considered what happens when a child’s parents die whilst the child is still of a young age. The importance of a ‘Guardian’ was highlighted and it was recommended that appropriate provision for this be made in your Will. Whilst this appointment caters for the child’s welfare, the law treats the child’s finances separately. As such, in this part, we consider what financial decisions require to be made and how you can prepare for this.[Read more…] about Who looks after my children if I die? Pt. 2 – Financial decisions