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Money Management
Manage your money
Writing a will is the only sure way to choose what happens to your wealth and belongings after you've gone - without one they could end up anywhere. Sam Barrett gives some advice on wills and providing for your children
Why are wills important?
Will readings often crop up in dramas, with wayward children and partners findings themselves overlooked as the family fortune goes to a favourite servant or distant cousin.
But, even if you don't have the wealth or the inclination to create a stir after you've gone, it's extremely important to have a will. ‘Without a will, your money, property and belongings will be distributed according to the intestacy rules,' explains John Ranford, managing director of The Will Site (thewillsite.co.uk).
Rarely do these rules distribute your wealth in the way you would have wanted. For example, without a will, your spouse will receive the first £125,000 with the remainder going to your children. Worse still, if you weren't married, the rules won't recognise your partner at all and your money will go straight to your children. More...
Money management
Choosing the right financial products is important to all of us, but when you are raising a family it is even more important. Whether you are looking for features on the best saving accounts for children, writing the right will as a couple with children, choosing the best insurance products for families, or even managing debt, find the impartial help you need here.
More features about managing money
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Money squabbles? Writer A. B. Jacobs shares a few secrets to financial equilibrium between couples gained over four decades of working in the finance industry
Writing a will
Writing a will is the only sure way to choose what happens to your wealth and belongings after you've gone - without one they could end up anywhere.
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Also in this section
Family budget - Setting a budget for your family's needs and wants is the most effective way to get the most out of your money - although setting a budget is often easier than sticking to one! In this section find plenty of budgeting tips to help you spend and save in perfect harmony, and stick to it. You will also find features on family money issues such as coping with debt, treating the kids on a budget and teaching children about money. More...
Top money managing resources
• Find all the resources you need to help your child with their learning. More...