You can name a guardian within your will, which is a person that will care for your minor children should you pass away. Along with other estate planning functions, naming a guardian is crucial for your family’s peace of mind.
Accordingly, you must make your selection carefully to ensure your child receives optimum assistance after you are gone. Here are a few factors to consider when it comes to estate planning.
You can name a back-up
Along with your primary selection, you can also name a back-up option. This person can step in if your primary option is no longer available. Back-ups add another layer of protection in the event your first selection is not available. In this case, you will not need to go through the tough job of selecting a new guardian, as you will have already made a decision.
Age is a crucial consideration
While your parents most likely have a strong established relationship with your child, their age may be an obstacle. When the time comes, elderly grandparents might find it difficult to provide the level of care required. Accordingly, it is usually best for parents to choose guardians that are close to their age.
Family friends are another option
In the event you and your spouse cannot come to a consensus among family members, you can also consider close friends. Close friends that your child is familiar with are ideal from a guardianship perspective, provided they meet standards related to child rearing and responsibility. These individuals can also be a good fit if they have children close to your child’s age.
No matter who you ultimately choose, you must speak with the person prior to placing them in your will. Being a guardian is a major responsibility, and even qualified individuals may not feel up to the task.