{"id":1631,"date":"2018-02-28T10:37:09","date_gmt":"2018-02-28T10:37:09","guid":{"rendered":"http:\/\/www.tayloremmet.co.uk\/blogs\/?p=1631"},"modified":"2018-02-28T10:37:09","modified_gmt":"2018-02-28T10:37:09","slug":"protecting-your-childs-future","status":"publish","type":"post","link":"https:\/\/www.tayloremmet.co.uk\/blogs\/protecting-your-childs-future\/","title":{"rendered":"WILLPOWER: Protecting your child’s future"},"content":{"rendered":"

Having children can put a whole new perspective on making a will. This month, Chaanah discusses how to protect their future\u2026<\/span><\/p>\n

We\u2019ve just had our second child. Can our existing wills be updated or do we need to start from scratch? <\/strong><\/span><\/p>\n

You need to check the wording in your existing wills carefully, as they may have been drafted to take account of future children. They may not name your first child, but refer instead to a \u2018descendant,\u2019 \u2018issue,\u2019 or \u2018children.\u2019\u00a0<\/span><\/p>\n

You cannot amend a will after it has been signed and witnessed, so the only way to make a change is to include an official alteration, known as a codicil. If you simply want to include another child, this may be a viable and cheaper option than starting again. It must, however, be signed and witnessed in the same way your will was.<\/span><\/p>\n

I have a child with learning disabilities who will need help managing his finances as an adult. Can I nominate someone to do this, should anything happen to me? <\/strong><\/span><\/p>\n

Many parents of children with learning disabilities wish to leave them a legacy in their will, but in most cases, it is not the best approach because:<\/span><\/p>\n