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This one is for the parents: Have you considered who will care for and raise your children should you be unable to do so? This is why a will is so important.
It’s a tough conversation that I have with my clients, and it’s a necessary one.
In my culture, we name God parents for our children. This could be a family member or even a best friend. We formally ask if they would be willing to care for our child should we be unable to do so… and most of the time it stops at the verbal confirmation.
I urge you to take it a step further.
When creating your will, make sure you have a guardianship clause which allows you to designate the individual or individual(s) who will raise your children in your absence.
Like I said before, the best gift you can give your loved ones is the gift of knowledge.
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Rianka R. Dorsainvil, CFP®️ is the Co-Founder and Co-CEO of 2050 Wealth Partners a virtual, fee-only comprehensive financial planning firm dedicated to serving first-generation wealth-builders, entrepreneurs, and thriving professionals. Rianka also hosts 2050 TrailBlazers, a podcast aimed to address the lack of diversity in the financial planning profession by engaging industry experts and leaders in conversation.
As an award winning successful, millennial Certified Financial Planner professional, Rianka offers a unique perspective not only on the current state of the financial service industry, but on how to stay relevant in an ever-changing world.
Rianka serves as a member of CNBC’s Digital Financial Advisor Council and CFP Board’s Diversity Advisory Group, is a Forbes Personal Finance Contributor, and has been recognized for her accomplishments and leadership within the industry by leading publications and organizations such as Investment News’ inaugural 2017 Women to Watch Rising Star and Wealth Management’s Ten to Watch in 2018. She has been published in PBS NewsHour, Forbes, USA Today, Black Enterprise, CNBC, Women’s Health, and more.