3 Tips for the Older Parent

by Mother Huddle Staff
3 Tips for the Older Parent

As an older parent, you may worry about what will happen to your children if you are no longer around. It can be a good idea to make sure your affairs are in order as soon as possible, even if you are completely healthy. By putting plans into place now, you won’t need to worry as much if you get ill, as an example, knowing that your children will be well looked after. Being an older parent may mean that you don’t have as much time with your children as your younger counterparts might, but that doesn’t mean that you can’t make the most of the time that you do have.

Utilize a Pension

Setting up a pension isn’t only helpful when thinking about retirement. It can also be used to help your children should something happen to you. Wealthify pensions allow you to nominate up to 8 beneficiaries, who could receive percentages of your personal pension as a cash sum when you die. Knowing that your children will have some money when you are gone can take some of the weight off of your mind, especially when you consider the cost of funerals.

Choose Guardians

While you might hope that you will live to see your children become wonderful adults, nothing in life is guaranteed. Whether you are a young parent, or one who is older than most, you may want to consider who will raise your children if you are no longer able to. Usually, the guardian that you pick will need to be over the age of 18, and stable enough to provide your child with food, shelter, and education. You may also be able to have two guardians, one that deals with the daily care of your child, and the other who manages their inheritance. Failure to nominate a guardian will usually lead to the other parent retaining custody of the children or, failing that, the court deciding who is the most responsible for the role.

Live in the Now

The fear of growing older, technically called gerascophobia, can be a problem for all of us. No matter what we do, we will continue to age. You can’t do anything about it. Instead of spending your time fretting about new lines, gray hairs, or the possibility of the end, you might instead want to focus on what you do have. As a parent, you have given life to the people who are, most likely, the most precious to you. Spending time with them, learning their likes and dislikes, and helping them to become well-rounded people may be a far better use of your time. Also, it can be good to put down the cellphone or camera. Rather than living through a lens, get in there and really share in all the experiences you can.

Being an older parent can be a wonderful thing. You may have more life experience that you can use to help raise your children. Yet, it can also be a good idea to put plans into place now so you know your children will always be looked after.

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