A research has revealed that close to two-thirds of parents have no legal arrangement which would come into effect once they are no longer able to care for their children. Direct Line Life Insurance released data that showed that 65% of parents have no legal provisions for their children, for instance, writing a will.
Also found out by the study is a 42% of parents who had not discussed with their own partner, who would care for their care for their children suppose they both die. An interview of 2002 adults in September showed that 17% of these could not agree on the person to ask to take the responsibility of caring for their children despite having discussed who to raise their children.
While clearly this need the expertise of family solicitors, and for those in and around Manchester can get quality legal advice from family law solicitors Manchester firms, experts also made comments. The business manager at Direct Line Life Insurance Jane Morgan stressed the importance of having a plan in place for the unfortunate events even if contemplating who would care for children in case of death by the parents is the worst nightmare.
Ms Morgan said a legal provision is useful in preventing custody battle for the main carers of the children. This makes them happier to take on the responsibility. You should also, according to Morgan consider the financial implications of bringing up of your children by someone else.
The business manager explained that a lump sum may be paid out in a Life Insurance, which is an affordable way to secure the caring of the children if the parents pass on. She said that there is everyday money concern that needs considering.
36% of the parents with no legal arrangement said they had not considered it while 18% said they didn’t want to think of dying or their own death. 24% assumed their children’s caring would automatically become the responsibility of their parents or next of kin. 28% would expect their parents to care for the grandchildren should the parents die, while 20% would expect their brothers or sisters to care for the nephews and/or nieces.
Even if Godparents would traditionally assume the responsibility of caring for their godchildren, there are changing religious and social trends that take the percentage of parents expecting godparents to take responsibility to 6%. As per the research among family law practitioners, should both parents die in a case where no legal provision existed previously, the grandparents are most likely to be granted custody by courts?
Take time to find reliable family law solicitors Manchester experts who can guide and help you come up with a legal arrangement to determine the care of your children in case of death.