One of the aspects of estate planning is keeping your children safe and well-taken care of if you die or are incapacitated before they’re adults. This is done by designating a guardian for them in your estate plans.
However, before you begin, you should have an individual in mind. The following are three things to consider when choosing a guardian for your children.
Shared values are important
Undoubtedly, you have raised your kids with certain values, which can be moral, educational and religious. You should pick a guardian who resonates with such values to avoid confusing your kids.
Your parenting style also matters when finding a guardian. If you are a permissive parent, it can be difficult for your children to move to an overly authoritarian home, and vice versa. The person you choose doesn’t have to match your parenting style accurately, but they should understand and have qualities of it.
Location could also play a role
Your children may end up staying in the guardian’s home. Therefore, you want to choose a loved one who is almost close to your residence. This is especially crucial if you don’t want your kids to transfer schools. The neighborhood that the potential guardian lives in is also important. You want to protect your children from major culture shocks.
Nonetheless, this factor can be flexible, particularly if you have teenagers. Don’t overlook a reliable individual because of location. You or your loved ones can prepare your kids as you would have if you had relocated.
Willingness to do the job
Although you may have your perfect candidate, it will be best to have options as they may turn down the offer. You can’t miss several loved ones who share your values and have a bond with your child.
It is necessary to approach guardianship designations for your children with adequate information as you make your estate plans. Experienced legal guidance is wise.