Nothing may weigh more on a parent’s mind than who to name as their minor child’s guardian if something happens to them and the child’s other parent – but that is an essential part of estate planning.
Failing to name a guardian for your minor child will leave the decision, should it be necessary, to the court. That could result in something you would never have chosen. Taking the time to carefully consider your options today can ultimately give you peace of mind and protect your child’s future. Here are some tips:
Look at values and parenting style
Nobody can replace you, but one of the best ways to select a guardian is to look at the values and parenting styles of those on your list. Who shares your beliefs regarding discipline, education, religion and lifestyle? If it isn’t your family, look to your closest friends.
Consider the practical issues
You may think your parents are fantastic – but they may also simply be too old to take on the job of raising one or more young children. You may believe that your younger sister is ideal, but she may not have a lifestyle that supports parenthood if she’s frequently on the road for work or hasn’t yet decided she wants children.
Consider, too, how far away your potential choices live. You may not want to uproot your child from their friends, family and familiar locations while they are grieving to live with a guardian two hundred miles away.
Look at your child’s relationship
Who is involved most in your child’s life? Children who have lost their parents are more likely to thrive if they’re placed with someone they’re already emotionally bonded with. A familiar and supportive relationship can provide important stability.
If you haven’t already established your estate plan and selected a guardian for your child, it may be time to seek legal guidance.