If you have minor children, arguably your most important estate planning decision is choosing a guardian for them should the unthinkable occur. It’s critical to put much thought into this decision to ensure your children would be cared for as you wish in such a situation.
Here are a few issues to consider when evaluating potential guardians:
- Do they want to serve as guardians?
- Does your estate plan provide sufficient resources so that caring for your children won’t cause an economic hardship?