I have been writing a lot about planning financially for your family's future. It has been interesting to think about whether there is anything that I should be doing for my family.
I am aware that I do not have a will and that I really should have one to make sure that the children inherit everything. I am also aware that I do not have power of attorney and so I should set this up as well, just in case it is needed.
I have also been wondering about life insurance. I do not normally think that it is worthwhile, but if me and my husband died before the children were old enough to earn money, then they would need money for their keep. We have insurance that would pay off the mortgage and so if the house was sold they would have that money, which would be around £100,000 each. That would probably be enough to keep them going but it is always good to have more.