Private Wealth and Succession Planning
Private Wealth
Gareth Hughes
March 2025
Director and Head of Private Wealth and Succession Planning, Gareth Hughes, explains why having wills in place is crucial for parents looking to protect the interests of their children.
Gareth’s comments were published in The Guardian’s ‘The Good Life’ supplement, 8 March 2025.
“For many parents, taking steps to secure their child’s future in the event of their own death is an area of primary concern. Putting a will in place can be a daunting prospect; however, we consider it essential to protect the best interests of the child.
“A key concern is responsibility for the day-to-day care of the child. Under a will, a parent can appoint a guardian and ensure that minor children will be cared for by a person they trust with the responsibility.
“Finances also warrant careful consideration. By making a will, a parent can put appropriate structures in place so that assets are managed and used to support their children until they are of an age to manage the assets themselves.
“A will gives a parent peace of mind: that they have done everything they can to protect their children in the event of their death.”
If you would like advice on drawing up your will, please contact a member of our Private Wealth and Succession Planning team.
