Establishing a guardianship for your children: Things to consider 

On Behalf of | Feb 4, 2022 | Guardianships And Conservatorships |

As a parent, your first responsibility is to safeguard your children’s health and wellness. Of course, providing for your children, instilling good virtues and leaving an inheritance for your children are all important, but there is one thing most parents cannot overlook: Establishing guardianship for their little ones. 

The process of selecting a guardian for your children may seem daunting. Here are a couple of questions that might help you choose the right guardian for your little ones:

Do you share common values?

The individual you nominate as a guardian for your children is definitely going to have enormous responsibilities. It is important that you talk to your spouse about the values you hope the potential guardian should possess. Ask yourself:

  • What kind of beliefs, morals and education do you want them to instill in your children?
  • How do you want your children’s health to be handled? 
  • What about religious values?

Once you have identified a potential guardian that matches these qualities, consider approaching them with the proposition. 

Do they have the financial capacity to raise your children?

Of course, money should never be the most important factor when identifying a guardian for your children. However, you should never overlook it. 

The amount of inheritance you have set aside for your children can also be a factor when settling on a guardian. Here are the questions you need to ask when it comes to the potential guardian’s financial status:

  • Do you believe they will honor your wishes and make the best financial decisions for your children?
  • Are they financially stable themselves, so that you don’t have to worry they’ll be tempted to use your children’s money for their own needs?

Life is full of uncertainties. In the unfortunate event that you pass on or become incapacitated, it is important that you leave your children in the hands of someone you can trust. Here are important questions you should ask while identifying a guardian for your children