What do parents of minor children need to consider when drafting a will?

What do parents of minor children need to consider when drafting a will?

Parents of minor children will be concerned about two things when drafting what will probably be their first estate plan. The first is who will bring the children up if they die together. Who, in other words, would be their guardians until age 18 if they are preceding without a trust for their benefit. The second is how are they going to support those children until they do reach age 18 or get through college or whatever it is the parents wish for their children. Therefore the first issue has to be addressed in the content of the will. It's in the will that a couple will name the people they want to serve as guardians. The issue of the resources to support children when the estate is still modest will be addressed by the purchase of insurance policies that would go into effect at after the second of them died