Conversations around estate planning generally involve money and assets. While distributing assets upon a person’s death is central to estate planning, there is much more to it.
One option that testators have is to name a guardian in their will. A guardian is someone who will care for minor children should something happen to the parents. How do parents ensure that they choose the right guardian for their children?
1. Their physical capabilities
The most natural choice of guardians may be your own parents. After all, they were your guardians who helped get you to where you are today. Nonetheless, this isn’t always as practical a choice as it first seems.
Nobody is immune from the aging process, and your parents may be reaching their advanced years now. Are they physically fit enough to cope with the demands of a toddler or infant? Could they handle a teen who is prone to the odd temper tantrum? Thinking about the physical capabilities your guardians need is a factor that should not be overlooked.
2. The existing relationships
Should anything happen to you, you want your children’s transition into living with their guardians to be as smooth as possible. This is why it can be beneficial to nominate someone who is already close with your kids.
You may feel obliged to nominate family members, but you don’t have to. If you have a close friend who gets on well with your kids, this could be a great choice for a guardian.
If you don’t name a guardian in your will, then the decision of who looks after your children could be left to the courts. Their decision may not fall in line with your wishes. Seek legal guidance to find out more about your options.
