When working on an estate plan as the parent of minor children, you must take into consideration who will care for your children if anything happens to you. This is where a guardian comes in. A guardian is the person who oversees the daily care of your children. He or she will provide food, clothing and supervision. Essentially, all parental duties pass to the guardian.
How to Choose a Guardian
To choose a guardian is a serious decision. You want to pick someone who you know is going to be responsible. While financial independence is important, it is also important to take maturity into consideration. You want someone who is going to be able to give your child the foundation that he or she deserves. It should be someone that you not only trust around your children, but that you know would continue to be an excellent parent.
Children need special care, especially after they experience any sort of loss. The guardian should be able to help them through the process. in addition to responsibility and maturity, you should always pick someone who wants to be a guardian. Do not choose someone who will feel like the task is to much of a burden or that you think will not get along with children in the long-run. It should be someone who feels like he or she is up to the task.
What to Know About Guardians
Guardians can hold more than one role. For instance, a guardian could be the person responsible for any and all assets and property left to the child while also retaining his or her role as the caregiver. Guardians should be able to provide the same emotional stability that parents would. Now, you do not necessarily have to leave the guardian in charge of the assets. some people make great guardians but may not make the best financial decisions. Your decisions should be based on your personal circumstances.
If you’re thinking about an estate plan, you don’t need to hesitate any longer, especially if you have minor children. While no parent wants to imagine that their children will have to face the world without them, you do want to make sure that you are protected and prepared for anything. Appointing a guardian is always in the best interest of your kids. To find out more about how to include guardianship in your estate plan, contact an estate planning lawyer in Arlington, TX today!
Thanks to Brandy Austin Law Firm, PLLC for their insight into estate planning and what to know about choosing a guardian.