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Planning for your children if both parents died unexpectedly in Oz


Alltogethernow

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Sorry for the depressing title!

My wife and I were discussing this possibility last night.

"What would happen to our 3 children if both of us died in a taxi home on a night out?"... (for example!)

Has anyone on this planned for this, albeit unlikely, but possible, scenario? 

Do you nominate people to step in here, or take the children back in to the country of origin. 

If so, I'd like to know what you planned, and how you planned it.

ATN

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1 hour ago, calNgary said:

You could write up a new will and have it stated in there what you would like to happen in those circumstances. 

 Cal x

That’s what we did when we were expats and our 3 were all in UK.. We  appointed a guardian for our youngest with her older brothers also responsible for her and also money set aside for any  education needs. 

Not the nicest thing to have to think about, but very necessary.

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We only have one child, no family here here in Australia and our parents are getting elderly.  About 5 years ago we opted, in a Will, for some close friends in the UK to look after him, but they'd want to take him back there.  Now he's settled with a wide range of friends, we're going to have to re-examine our options.  It could be friends here, or other relatives in the UK.  It's something we're going to have to reconsider, and soon.

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Everyone should have these wishes in their will.  Would you rather decide who looks after your child or a court decide, there’s only one answer to that question so putting it in place is a must.  Not always easy as your chosen guardians need to be on board too.  Sounds easy but it’s not. Whilst we all have family and friends who may like our kids, them being ok to change their lives around and bring them up is a different matter 

Edited by Tulip1
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