You tried your best as a parent and did all you could to give your children the best in life, but it turns out you really have no control over their decisions when they get older. It can be frustrating and painful as a parent to watch a child turn to drugs, gambling or other destructive behaviors. As you prepare your will or trust and plan for your estate after you die, you may have concerns about your assets and hard-earned money going to a child who may ultimately throw it down the drain. Do you have the option to disinherit your child and leave them out of the will?
No one likes to face their own mortality, but it's important that you are prepared for anything that can happen when it comes to your assets and your financial future. Protecting your assets and your family become vitally important if something happens to you, and a big part of that is choosing an executor who will carry out your wishes. The process doesn't have to be stressful or complex. Although it can initially seem overwhelming, these tips and guidelines can help you to simplify one of the most important decisions you can make in your life.