How to write Will on Minor Children - Thinks to consider before writing a property to minor children - 9840802218

Passing on assets to minor children IF YOU HAVE minor children to whom you want to pass on your assets, make sure that you appoint a guardian for them during the drafting of the will. If there is no guardian and the minor child gets the assets when you die, the court will typically get involved, especially if the inheritance is significant. If a guardian is nominated, he can act as a caretaker for the minor’s assets till he becomes an adult. A parent can easily nominate the other parent as a guardian in case he/she passes away. Grandparents or other close relatives can also be appointed as guardians. Doing so is also important because though minors can be on the title, they cannot conduct business in their own names. “If no guardian has been appointed, and the owner’s signature is required to sell, finance or conduct other business transactions, the court typically gets involved to protect the child’s interests,” says K.P.Satish Kumar leading Lawyer for Wills and probate. He insist clearly that one should understand the significance when one of the children is still a minor. This is the reason one has to rightly appointed a guardian for his child. Do you need to go through probate if there is a Will? • Can you avoid probate by having a Will ? • How do I apply if there is no Will ? • How to apply for a probate ? For Legal queries Daniel & Daniel Attorneys & Solicitors 2132, Vasantham Colony, Annanagar-West, Chennai-600040 Phone: 9840787702 email: advocatechennai@gmail.com