✍️ What Is a Will and Why Does It Matter?
A will is a legal document that sets out your wishes for what happens to your assets — and more importantly, your children — if you pass away. Without one, the law decides how your estate is divided, which may not reflect your intentions.
For new or expectant parents, this can have huge implications. A will allows you to:
- Appoint legal guardians for your children
- Ensure your partner or spouse inherits your assets as intended
- Provide clear instructions for how your estate is distributed
- Help avoid family disputes and legal complications
- Speed up the probate process for your loved ones
👶 Wills and Parenthood: What Changes?
As a parent, your will becomes more than just a legal document — it’s a plan for your child’s future.
Here’s what you can include:
✅ Legal Guardianship
Name trusted family members or friends who would care for your child if both parents were to pass away. Without this, the decision may be left to the courts.
✅ Financial Support
Specify how your money, home, savings or life insurance should be managed for your child’s benefit. You can also create a trust for them, to be accessed at a certain age or milestone.
✅ Life Insurance Payout Instructions
If you have a life insurance policy in place, your will can direct the payout toward supporting your child, paying off the mortgage, or covering education costs.
🛡️ Life Insurance + Wills = Stronger Protection
Creating a will is only part of the picture. Pairing it with life insurance gives your family an added layer of financial security.
Why life insurance matters:
- It provides a lump sum payout if you pass away
- It can help cover mortgage payments, everyday expenses, and childcare
- It allows your partner or guardian to continue providing for your children
- It ensures your child’s standard of living isn’t drastically affected
You don’t need to spend a fortune to set up cover. A good broker can help you find a policy that works for your needs and your budget.
💼 Don’t Forget Financial Planning
Thinking ahead isn't just about wills and insurance. It’s also about understanding:
- How your current income supports your household
- What financial risks your family might face
- How to create a buffer for the unexpected
Working with a financial adviser or protection expert (like us!) means you can review everything in one go — and make decisions that protect your growing family, not just now, but long-term.
💬 Let’s Get It Done (It’s Easier Than You Think)
We know this stuff can feel overwhelming — but it doesn’t have to be. Setting up a will and life insurance might only take a couple of hours, and it’ll bring a lifetime of peace of mind.
We’re parents too. We know how busy things are, how tight money can be, and how daunting legal or financial conversations can feel. That’s why we keep it simple, flexible, and free from pressure or jargon.
📌 Final Thoughts
Your family’s future matters. And while no one wants to think about worst-case scenarios, planning for them is one of the most responsible and loving things you can do as a parent.
By creating a will and putting the right financial protection in place, you’re building a safety net that helps your family — no matter what life brings.
Need help getting started?
We’ll guide you through wills, life insurance, and everything in between — at your pace and around your schedule.
📲 Book a no-obligation call with our team today.
The information contained within was correct at the time of publication but is subject to change.
Wills are referred to a third party. Neither Go 2 Mortgages nor PRIMIS are responsible for the service received. These services are not regulated by the Financial Conduct Authority and may have limited consumer protection.
