Empowering your child ’ s dreams
Unlocking success through strategic estate planning
By Roy McMurchie , Head of Fiduciary Services at PPS Insurance
As a parent , one of the most important things you can do is to inspire your children to follow their dreams and support them in achieving their goals . However , life is unpredictable , and one may not always be around to provide guidance and support . This is why it is crucial to plan ahead and ensure that even after death , your children ’ s dreams can become a reality .
Identify your child ’ s dreams
The first step in inspiring your child to make their dreams a reality is to identify what those dreams are . Every child has unique talents and interests , and it is essential to understand what they want to achieve in life . Talk to your child and encourage them to share their aspirations with you . Listen carefully and try to understand their passions and goals , even if they are unsure about it .
Asking a child about their dreams can reveal what they might be interested in doing as an adult and strengthen the bond between parent and child . It shows that parents are interested in their child ’ s thoughts and aspirations and value their child ’ s opinions and ideas . This creates a positive and open communication channel between parent and child , fostering trust and connection .
It can also introduce a child to goal-setting and motivation and instil a sense of purpose , drive and motivation .
Once you know your child ’ s dreams , you can start planning how to make them a reality . This may involve financial planning , as well as finding the right mentors and support systems .
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