Who will take care of your kids if you die?

How old is the guardian?

An older guardian is more likely to be financially secure and thus able to afford to raise your children. Grandparents are often an ideal choice particularly if they are well and strong, or relatively young; they are also likely to have the time required to properly oversea the child. If the guardian is too old however, their state of health may become an issue and they may become ill or even die before the children become adults.

Guardians and money matters

It is important to consider a guardian’s financial situation. Practical issues such as the guardians housing and transport situation, food and clothing, medical expenses and most importantly education, must be carefully thought through.

Financial matters, however, should not necessarily be your primary consideration and it would be a mistake to eliminate an ideal prospect from the list because you don’t think they have the financial wherewithal to take care of your children. Remember, it is your responsibility to try to ensure that raising your child does not become a financial strain on a guardian.

Will the guardian accept this responsibility?

Guardianship is a huge responsibility, and not everyone will feel able to take up such a role. Narrow your list down to a few key people, formally ask them and seek a firm response. As the years go by, revisit your estate plan, as chosen guardians may decline or may no longer be appropriate as circumstances change; perhaps they have become too old or your relationship with them has changed. In your separate wills you and your spouse should name the same person as guardian and family members should be advised of your decision, to minimize the potential for conflict.