Estate Planning Isn’t Just For The Elderly

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Who should you name guardian?

On Behalf of | Mar 9, 2022 | Guardianships

Though no one wants to think about the possibility of an early death, it is important for parents to consider this. If you do not have a guardian named for your child, they could end up in the foster care system.

One of the most fool-proof ways of doing this is by naming a guardian through your will. However, you must consider several factors before you make this crucial decision.

Choose in your child’s best interest

Forbes looks into the process of choosing a guardian for your child. You need to consider all of your options before you pick your guardian. Of course, a good first choice is your spouse, with your parents being a good second if you have strong and safe relationships with all of these individuals.

You should still consider what is in your child’s best interest as well, of course. What can each potential guardian give to them? What kind of life would they provide?

You also need to talk to all potential guardians before you make this choice, of course. The last thing you want is to spring this decision on someone who is not prepared to take full custody of, or responsibility for, your children.

Updating your will

Finally, keep the will up to date. As life goes on and your child ages, their needs and wants will also change, and a guardian that might have once been a good fit may no longer have what they need. Relationships also change, and you may end up dealing with a falling out between a once-trusted guardian candidate.

You can also consult with legal help along the way, ensuring that you have all of your paperwork in order for a smooth transition.