Guardianship for Your Children

Selecting a guardian for your children is an extremely personal and important decision. You need to select someone who you trust and who understands the commitment.

For potential guardians who are not already parents, suddenly having children to raise may require an unexpected change in lifestyle. On the other hand, those who do have children will face the prospect of integrating additional children into their existing family. In addition, suppose the guardian is a friend and not a blood relative. Family members may make the situation difficult by second-guessing decisions the guardian makes.

Assuming guardianship of a child is also a major financial responsibility. It is important to consider whether the guardian will have the funds needed to care for your children. To this end, consider designating your chosen guardian as the beneficiary of your life insurance policies or the trustee of a trust for the benefit of your children.

When selecting a guardian for your children, be sure to discuss the important issues mentioned above. You may gain peace of mind from knowing a caring individual will raise your children in a loving, supportive environment. The guardian may better understand the financial nature of the responsibility he or she is being asked to assume. And, most importantly, your children can benefit from being cared for by willing guardians.

 

Copyright 2017 Liberty Publishing, Inc. All Rights Reserved.
STEPOGUA-AS