Estate planning is much more than just dividing up your assets or giving your money to charity. Even if you’re very young — maybe you just had your first child — you may still want to think about creating a plan. After all, part of that plan can be choosing a guardian for your child.
What does a guardian do? They’re supposed to essentially step into your parental role. They get the legal right to care for your child, make decisions for them and act as a parental figure in your stead. So how do you pick the right person?”
A few things you may want to consider
Everyone’s process for picking a guardian is different, depending on what they’re looking for. Here are a few things you may want to consider as you begin your search:
- How similar are their overall values to the ones that you hold? Are they going to raise your child in a way you would approve of?
- If religion is important to you, what religion is the guardian a part of? Do you want them to continue bringing your child up in that religion?
- How close are they? It may be jarring for your child to have to move away from everyone and everything they know.
- Do they have the money to raise another child? Even if someone is willing, that doesn’t mean it’s necessarily realistic.
- Do you want to pick more than one person? It can help to have a backup in case anything happens.
Once you decide who you want to choose, it’s time to look into the estate planning process to get everything set up. An attorney can help you better understand the steps you should take.