In my job as an insurance agent, I often tell my clients' employees that they need to make sure that they have a will in place that not only dictates what they want done with their stuff, but also what their wishes are for their children.
Case in point, this article.
From what I've read, MJ did not have a will (or if he does, it hasn't been disclosed yet). But the question is, who is going to care for his children? Or, you can ask yourself (if you are one of the fortunate ones who have children) what will happen to your children if you pass away before they turn 18?
Wills (and trusts) are so important to establish when you become a parent. You need to be the one who selects who is going to care for your children upon your passing. If you don't have the best relationship with your parents (or your in-laws), do you want them to be assigned the job? What if you have no close relations? Do you want the state to decide what to do with your kids?
So please, if you take anything from MJ's passing, take this: be proactive in who will be the ones responsible for your children when you no longer can be.
Tuesday, June 30, 2009
