A will is an important estate planning tool that outlines how you would want to have your assets distributed when you pass on. And, if you have minor children, you can also name guardians for them in your will. This way, should you pass on or become incapacitated, your designated guardian can assume legal custody of your children.
But how do you choose a guardian for your little ones? Here are a couple of questions that can help you make the right decision when designating a guardian for your young children.
What is their personality and belief system like?
Ideally, you are looking for a guardian who shares the same belief system as you. Do you want your child to grow up in a certain religion? If your answer is “yes” then you definitely need to consider faith when picking a guardian.
Additionally, you should consider the potential guardian’s view on morality, education as well as parenting philosophy. Obviously, an individual with smoking, alcohol or gambling problems may not be a good fit for your child’s guardianship role.
What are their age and health like?
You are talking about the person who will step in and assume parental responsibilities of your child should you pass on or become incapacitated.
As such, the importance of age and wellness cannot be overlooked. Your designated guardian should be able to physically and emotionally care for your child. For this reason, it is never a good idea to nominate an elderly person as your child’s guardian.
It is tough to imagine someone else raising your child. However, by nominating a guardian for your child, you can have peace of mind knowing that should something happen, your little one will be in safe hands.