When creating an estate plan, you consider assets and properties, determine how to distribute your belongings and address other related matters. But what about your children? While contemplating your passing is uncomfortable, it’s necessary to plan for your children’s future.
When choosing someone to care for your children in your absence, the decision carries immense weight and requires careful consideration.
Securing your child’s future
Selecting a guardian for your child is one of the most critical aspects of your estate plan. Here are four key factors to consider when choosing a guardian for your children in Virginia:
- Values and parenting style
- Financial stability and resources
- Location and family dynamics
- Willingness and ability to serve
The goal is to choose someone who embodies these factors and can provide your children with a loving, stable environment. Carefully weighing each aspect will help you identify the most suitable possible guardian.
Nominating a guardian in your will
Your nomination in the will is a strong recommendation, but the court makes the final decision on guardianship, typically honoring your wishes unless there’s a compelling reason not to.
Start drafting your estate plan today
In Virginia, you nominate a guardian for your minor children in your last will and testament. However, navigating it can be complex, especially when trying to make the best choice for your children’s future. It’s not just about legal documents; it’s about ensuring your kids are loved and cared for if the unthinkable happens.
While it’s a difficult topic, it’s definitely worth discussing with your spouse, as it’s a critical consideration for parents creating estate plans. Consider seeking guidance from a legal professional to help you through this emotional but necessary decision.