In an ideal world we would always agree with our spouse...that is not the world that we live in. When it comes to the very important decision of choosing guardians for your children - you are not alone if you and your spouse don't agree. I don't have a magic formula for making the correct decision, but here are three strategies that should make the decision easier.
Instead of thinking that you are naming a guardian that will handle everything, think of it as naming people to two positions.
The first is the role of physical custodian. These are the people that your children will live with, learn from, and love. Here you need to think about who shares your values and is capable of instilling them in your children.
The second role is the financial role. These people will manage the money and assets you leave for your children. While it's important that they have your children's best interest at heart, they are not the people that will raise your children.
My clients often have it set in their minds that they must name a couple as guardians. That is not completely necessary. You should consider single people as well.
Further, even if you do name a couple, there is no guarantee that they will always be a couple. Things happen. People get divorced and people die.
It is important that you like the people you name as guardians for you children. It is even more important that your children like the people you names a guardians.
The guardians you name must be people that your children know, like, and trust. Keep the relationships your children have with potential guardians in the forefront of your mind when making your decision.
If you'd like to learn more about Naming Guardians for Your Minor Children or have any other Estate Planning questions, please schedule a complimentary Estate Planning Strategy Session.
Father, husband, entrepreneur, and owner of a trivia filled brain. I help families and individuals plan for the unexpected and end of life. Schedule a Complimentary Strategy Session to chat with me, get answers to your questions, and find out about your Estate Plan options.
The Bank Won’t Accept My Power of Attorney12 Sep, 2019
Who Will My Estate Plan Benefit?06 Sep, 2019
How Can A Trust Be Private & Still Work?04 Sep, 2019
How Do I Disinherit A Child?30 Aug, 2019
Why People Choose A Will Or A Trust29 Aug, 2019
Why Do I Need More Than A Will?20 Aug, 2019
Where Should I Store My Estate Planning Documents?16 Aug, 2019
Being A New Trustee