If you have a child or children, it’s critical to determine who would care for them in the event that you and your spouse pass on before they reach the legal age of 18. Leaving it to the court to decide is a risk that you don’t want to take; you never know where your children could end up.
Naming a guardian sounds simple enough until you realize that you’re unsure of who makes the most sense. Add this to the fact that some people may not be interested, and you have a big decision that can take plenty of time and thought.
Here are some things to look for in a guardian for your children:
- Similar parenting style: No two people parent in the exact same manner, but you should do your best to find a guardian that shares a similar approach. This will go a long way in ensuring that your children are raised in a manner that would make you proud.
- Financial stability: You don’t want to place a financial burden on someone who is already struggling with their money. Not only does this harm them, but it could do the same to your children.
- Responsible and trustworthy: To many, there’s nothing more important than this. Choose a guardian that is 100 percent responsible and trustworthy at all times. This will give you peace of mind, as you know the person will do whatever they can to provide your children with stability should the time come.
Once you have a shortlist of guardians in mind, begin to narrow your choices until you settle on the right person. From there, ask them if they’re okay with you naming them as the guardian of your children.
Contact us if you have questions about choosing a guardian and/or adding this designation to your estate plan.
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