Issues related to the protection of minor children are among the most important reasons to write a will. You must decide whom you want to take care of your children should you and their other parent both predecease them. You may designate one individual to take physical care and custody of your children (their Tutor or Tutrix), and another to take care of financial matters.
If you leave assets directly to minor children, the Tutor or Tutrix (even the child's surviving parent) must keep records of even routine use of inheritances and petition the court for any unusual expenditures on the children's behalf. Instead, it may be wise to bequeath your property to a trust established in the children's names, and to name a trustee, who can be the same or a different person.
