Providing for your kids in case you die prematurely is vital in ensuring they live comfortably after you’re gone. However, many parents worry their children may not be financially responsible and can mismanage an inheritance.
Luckily, you can avoid this by naming a property guardian in your will to manage whatever property the child inherits. The court will eventually appoint your chosen guardian upon your death if your kids need them. Alternatively, you can set up a trust for each child and use your will to name a trustee to handle the money until your children come of age.