You plan to be there for your child every step of the way as they grow up. While this is the most likely scenario, it is also important to plan for every outcome.
Accidents and illnesses tend not to discriminate. What will happen to your child should you become incapacitated? How do you know if the guardian named in your estate plan is suitable?
Are they reliable?
All families go through hard times and the occasional crisis. Who has been there for you in the past when you’ve needed them? Perhaps a close family member or friend has repeatedly come to the rescue when you’ve needed urgent childcare? Choosing someone like this to be a guardian is beneficial because your child will already have formed a bond with them.
It doesn’t have to be family
Your parents raised you, and you turned out well. You have every reason to believe that they could do the same for your child. However, there is no escaping the reality of the aging process. Raising a child can be physically demanding. Do your parents still have it in them to go through this again?
Family members can be an excellent choice for guardians, but you’re not obliged to choose them. A close friend of a similar age to you might be a better option. They have kids of their own, and you know that your child could blend right in if the need ever arose.
What happens if no guardian has been appointed?
If no guardian has been appointed, then matters relating to the care of your child could be left in the hands of the courts. It is highly likely that these will not match your wishes. Not only that, but could result in lengthy legal disputes between members of your family.
A crucial aspect of the estate planning process is nominating people to care for your children. As you make plans for the future, make sure you have fully assessed your legal options.