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Drafting a will is essential for parents

For many Nevada families, the hustle and bustle of everyday life is almost too much to keep up with. There is homework that needs to be done, kitchens to be cleaned and little league games to prepare for. Amid paying bills, buying groceries and keeping up with daily schedules, the thought of taking the time to draft a will is often put off for another time. Additionally, little thought is typically given to the need for a younger individual to have a will.

While an individual may not have considerable net worth and assets, it is possible that he or she will have a child or children who must be considered. In the unlikely event that both parents were to die, it is important to work out who will then take care of the child. This is a decision that needs to be made and formalized prior to it becoming a necessity.

Without a will, it would be up to the courts to decide who should take care of any children. Additionally, extended family may have their own ideas regarding this matter. Rather than focusing on creating a stable environment for the children, such a scenario can cause additional turmoil and strife within an already grieving family.

By planning ahead and drafting a will, Nevada parents can have a say in who will take care of their children if necessary. This simple document can simplify matters for the grieving family and ensure that the parent's wishes are carried out. Additionally, in creating the will and discussing these arrangements ahead of time, extended family will be prepared and know who the caregiver will be if tragedy should strike.

Source: cnbc.com, Where there's a will, there's a way, David Mendels, March 2, 2014

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