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When the Unthinkable Happens: Setting Up Wills and Insurance in Salisbury MD

Life is unexpected. Sometimes the unexpected is pretty neat, like when you win a contest on the radio. Other times, the unexpected is heartbreaking, like when a young family loses one or both parents. It’s painful topic to think about, let alone discuss. But it’s incredibly important to plan for the unexpected, especially if you have children. What would happen to them if you and/or your spouse passed? If you haven’t yet, it’s important to talk with both a lawyer, to set up a will, and a provider of Insurance in Salisbury MD, for life insurance.

As you probably know, the most important aspect of a will is deciding who will have custody of your children in the event that you and your spouse both pass. This person is known as the personal guardian, and will be specifically named in your will to raise your children, and make legal decisions on their behalf. If you want to list a stable couple as co-guardians, it’s important to list both of them in your will. You may also want to consider listing an alternative guardian(s), in the event that your first choice can’t take custody of your children.

A will, however, isn’t enough to make sure your children are well cared for. You also need to have life insurance, to make sure the guardians you choose are financially able to care for your children. There are different options for setting up life insurance with your children as beneficiaries, especially if they are young. The best way to choose between the different options is to talk with an agency that offers Insurance in Salisbury MD, such as Atlantic Smith Cropper & Deeley. These experts can explain all of the different options, and help you decide which will be best in the event that something tragic happens.

While uncomfortable to think about, it’s important to plan ahead so that your children will be well taken care of if the unthinkable happens. Because tragedy can and does happen every day in the US. If you haven’t already, talk with a lawyer about setting up a will, and an agency that offers Insurance in Salisbury MD about life insurance.