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Home » Estate Planning » What should you look for in your children’s guardian?

When estate planning, you can designate a guardian for your children through legal documents such as a will or a trust. The designated guardian, also known as a testamentary guardian, assumes responsibility for the physical custody, upbringing and welfare of your children.

Selecting a guardian for your children is one of the most important decisions you can make as part of your estate planning process. Carefully consider several factors to ensure that your children will be well cared for in the event that you are no longer able to do so.

Consider values and parenting style

When choosing a guardian, consider their values and parenting style. Think about whether their beliefs align with your own and whether they share similar principles when it comes to raising children.

Evaluate stability and resources

Look for someone who has a stable home environment, both emotionally and financially. Consider whether they have the resources and ability to provide for your children’s basic needs, including food, shelter, education and healthcare.

Assess the relationship with your children

Take into account the relationship that potential guardians have with your children. Choose someone who has a strong bond with them and who genuinely cares for their well-being.

Consider location and lifestyle

Think about the location and lifestyle of potential guardians. Consider whether they live nearby or if relocating would be necessary for your children. Evaluate their daily routines, work schedules and any other factors that may impact their ability to care for your children effectively.

Before making a decision, discuss the responsibilities and expectations of guardianship with potential candidates. Ensure that they understand the commitment involved and are willing to take on the role if necessary. Be open and honest about your wishes for your children’s upbringing and make sure that they are comfortable with fulfilling those responsibilities.