By creating a will, you can appoint a guardian to care for your minor children, says ABA. If you do not have a will that outlines this, a court will usually appoint an official guardian. This is why it is crucial to select a trusted guardian for your kids. And, if anyone listed as a guardian or executor in your will passes away, it's important to update your will to ensure your wishes are carried out.

Keep in mind that children under the age of 18 cannot manage inherited property on their own, says HG.org. A will can also be used to create a trust for your minor children and appoint a trustee who will care for their inheritance until they reach adulthood.

Creating a will has numerous benefits for you and your family, and it doesn't have to be difficult. Though using an attorney is helpful when creating a will, you may also be able to do it yourself by using online software solutions to help you craft a legally sound document. Whichever method you choose, creating a will may offer peace of mind that your loved ones will be cared for as you intended.