![]() However, finances are sometimes broken up into a separate conservatorship. Guardians may also cover managing the entrusted person or child’s finances. This may include medical decisions and, for minors, other life decisions such as where to go to school. When minor children are involved, they may need a guardian if both of their parents are incapacitated or pass away.Ī guardian will generally make similar decisions to what a parent could make for a child - even when the person needing a guardian is an adult. This could be due to a serious injury or illness. A guardian is a person who takes care of someone else when that person is incompetent to handle their affairs on their own. Think back to school forms asking for a parent or legal guardian. Aware that they are being asked to be appointed as a guardian.Someone that you’re comfortable having around your children. ![]() Stable (family-wise, financially, etc.).Capable of providing emotional support for your children.Knowledgeable of your goals as a family and parent(s).Of similar outlook to you and your partner.Able to financially provide for your children.Able to fulfill their duties as a guardian.Here are some basic requirements and some other things to think about: ![]() Don’t unduly narrow the scope of consideration this is a choice you are preparing for everyone’s best interest. However, it’s not uncommon to consider someone who isn’t directly related. Your internal family dynamics aren’t on trial it’s a very personal consideration and decision you are making in the best interest of your family. Often this is a sibling, parent, or maybe even an adult child. Before you even get that far, you should first be thinking very seriously about who can provide a lifestyle for your family that you’d be ok with raising your family. But not everyone has those same values, do they?īefore we get into how to go about setting up a Guardianship Plan, this is something to consider…Who should you appoint as a guardian for your children in the event of untimely death?ĭo You Want a Stranger to Raise Your Children If You Die?Įstablishing the Guardianship Plan, also called a Family Estate Plan, is a critical step in the process of protecting your kiddos. In short, we are trying to instill our values and love. That means our world view, and our lessons learned, even our religion or philosophy for life. And for a good reason, when we raise our children, we are trying to put the best of ourselves into them. This sentiment is a visceral fear that most parents have at some point. However, if you don’t create a care plan or declare a guardian for your children, the courts may decide who cares for your children if you die.Īre you comfortable with a stranger making this decision? Who will you leave your child with if you die? What are our plans if this were to happen? Putting your assets in a trust, or last desires into a Will – helps to make sure your financial holdings are passed on to whomever you want them to go. It’s an implicit reminder that we are indeed mortal, and, in some cases, we may leave this world before we are ready. Honestly, no one wants to think about this question. ![]() Who Would Raise Your Children If Something Happened to You?
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