7 Must-Dos when naming guardians

7 Must-Dos When Naming Guardians For Your Kids

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  1. If you name a couple to act as guiardians, make sure you decide what should happen if the couple breaks up or if one dies or is incapacitated. Documenting this properly is critical to ensuring the well-being and care of your children, no matter what.
  2. Name more than one potential guardian. What if something happens to your first choice? Decide and document who will succeed your first nominee, and even your second.
  3. Avoid taking financial resources into consideration when deciding who should raise your children. Your guardians do not have to (and often should not) be financial decision makers for your kids. You need to leave enough money behind and put it in Trust to ensure it’s cared for properly.
  4. Consider creating a Living Trust that prevents a Court from taking jurisdiction over your money and your loved ones through probate, which is totally public and doesn’t protect your money from your family’s later divorces and lawsuits.
  5. Exclude anyone who might challange your guardian decisions or who you know you’d never want to care for your kids. Do it in writing. It’s confidential.
  6. Make arrangements for the short term if you were in an accident. What would happen to your kids in those immediate hours until your permanent guardians could arrive? We recommend a Kids Protection Plan® to cover that critical time of care.
  7. Name your guardians in a separate, freestanding document, not simply in a Will. Naming a guardian in a WIll or Power of Attorney will make it more difficult for you to change your nomination and your children could be left waiting for a guardian until your WIll is admitted to probate or for your power of attorney to take effect.

Look below to see what you can do to make sure your kids would
always be taken care of by people you know, love and trust

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