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Recent Blog Posts

May
05
2016

When A Young Couple Dies

Posted 3 years 214 days ago ago by Danielle Streed

When we think about marriage and having children, we think about a long life, watching our children grow up and ultimately enjoying our grandchildren.  Nobody expects to die suddenly at the age of 40 and have their spouse die of a heart attack at the age of 38 less than 24 hours later.  The unfortunate fact is that many people die much younger than they expect and they haven’t planned accordingly.  In fact, most people you talk to cannot even imagine the thought of dying in your 30s or 40s, especially since the life expectancy and age of people is going up.  What is sad is that with many of these young deaths, there are young children involved and there is typically nothing in place to identify the wishes of the parents. Without a Last Will and Testament or a Living Trust,  there is no one appointed to act as the guardian for the minor children or as a trustee over the family funds.  So, not only is the family faced with grieving the loss of two young people, they are also faced with determining where the children will be placed, who will have permission to raise them and who will manage their finances until they're older. The problem with lack of planning is that you have to hope the all the family members agree, that no one has the ulterior  motive to get control of the funds and that the family member that does step up to serve has the same mind set of how children should be raised.   As we see time and time again,  failing to take the time to sit down and determine who is the best person to raise your children in the event of your death and who is the best person to manage your children's inheritance until they're older is not something that should be put off until you ‘find the time’.  No one knows what the future holds for each of us, but we can be proactive and put some things in place that provide for a much smoother transition in the event of our death.






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