Why modern families should consider estate planning vital for the modern age

Does your family structure look different? Maybe you are a single parent, part of a same-sex couple or live in a multi-generational household. If this is you, it’s vital that you understand the importance of estate planning.

Contrary to popular belief, estate planning isn’t just for the wealthy or elderly it’s for those who want to protect the people you love and to ensure your wishes are respected. It doesn’t matter your age, income, or family structure; for modern families, having a plan for your estate is more important than ever.

At its core, estate planning usually includes Wills and Lasting Powers of Attorney (LPAs) Together, these documents provide clarity, security, and peace of mind.

What is estate planning?

Estate planning is the process of deciding what happens to your assets when you pass away or become unable to make decisions for yourself. A good plan reduces stress, avoids confusion, and helps prevent disputes during already difficult times.

Modern families may include blended families, single parents, unmarried partners, LGBTQ+ families, multigenerational households, or families with children who have additional needs.

Estate planning helps ensure that the law reflects your reality, not just default rules (which many people are unaware of).

Wills

A Will is a legal document that sets out your wishes after your death. It allows you to:

• Decide how your assets (such as savings, property, or personal belongings) are distributed;
• Name an executor to manage your estate;
• Provide for your children and other dependants;
• Appoint guardians for minor children.

Without a Will, your estate is distributed according to intestacy laws, which may not align with your wishes, especially in modern or blended families.

A Will is also where you can leave clear instructions and reduce uncertainty for those you leave behind. While it may feel uncomfortable to think about, having a Will is one of the most caring things you can do for your family.

Guardianship: protecting your children’s future

One of the most important, and emotional, parts of estate planning for parents is guardianship.

If you have minor children, your Will is where you name a legal guardian – the person or people you trust to care for your children if you are no longer able to do so. Without this appointment, a court will decide who becomes the guardian, which may not reflect your preferences.

When choosing a guardian, consider factors such as:

• Shared values and parenting style
• Emotional connection with your children
• Stability, health, and ability to provide care
• Willingness to take on the responsibility

You can also include backup guardians in case your first choice is unable to serve. For families with children who have additional needs, guardianship planning can be even more crucial and may work alongside trusts or other long-term care arrangements.

LPAs: Planning for the unexpected

Estate planning isn’t only about what happens after death, it also covers what happens if you’re alive but unable to make decisions.

An LPA is a legal document that allows you to appoint someone you trust to make decisions on your behalf if you become incapacitated.

There are generally two key types:

1. Property and finances  

This allows your chosen person to manage financial matters such as paying bills, handling bank accounts, or managing property.

2. Health and welfare

This authorises someone to make healthcare decisions for you if you’re unable to.

Why estate planning matters for modern families

Family structures today don’t always fit neatly into traditional legal boxes. Estate planning helps bridge that gap by clearly stating:

• Who matters to you
• Who can make decisions for you
• How your children will be cared for
• How conflicts and uncertainty can be minimised

Life changes, and your estate plan should change with it. Major events such as marriage, separation, having children, buying property, or changes in relationships are all good reasons to review your documents.

Starting to plan your estate and need expert legal advice? Contact Amy Lane here.