One of the biggest decisions in estate planning is nominating guardians for minor children.
While a court ultimately determines the children's legal guardians, a will can specify your top choices, who will likely be approved by the court unless a judge finds a reason otherwise.
Before nominating them in a last will and testament, talk to your potential guardians to make them aware of your choice and get their approval.
Talk to your children if they are old enough about potential guardians in case something happens.
It is important to note guardians must be 18 years of age or older to act as a legal guardian.
Do you want your guardians to also manage your children's finances? A trust can help keep accurate accounting of your children's finances and you can appoint someone different than the guardians if you would like a system of checks and balances.
Consult with an attorney to review other important considerations in naming a guardian for legal children.