If you have children, your will does much more than decide who receives your assets. It is also an opportunity to record your wishes about guardianship, consider how your children will be financially supported and plan how and when they receive their inheritance.
In this episode, Lidia Vicca explores two important considerations for parents preparing a will: guardianship and gifting.
From choosing the right guardian and reviewing that decision as your family changes, to using testamentary trusts and considering unequal or more complex inheritance arrangements, this episode explains why estate planning for parents is rarely as simple as “everything to the children equally”.
Common Questions Answered in This Episode
How do I appoint a guardian for my child in my will?
Who should I choose as guardian for my children?
Can grandparents be appointed as guardians?
Do I need to tell someone I have nominated them as guardian?
Can I change the guardian named in my will?
Should the guardian and trustee for my children be different people?
How can I financially support a guardian who takes care of my children?
At what age should children receive their inheritance?
Can a testamentary trust protect a child’s inheritance?
Can a child contest a will in Queensland?
Should children receive equal inheritances?
How should I provide for a vulnerable child in my will?
What should I consider when leaving an inheritance to an estranged child?
How does a family business affect inheritance between children?
Does someone owe you money? Your first step is demanding repayment! Download our FREE letter of demand template developed over 15 years of disputes practice: https://lidia-vicca.mykajabi.com/letter-of-demand
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