If you have a minor child, you need to plan for the possibility of being unable to raise them to adulthood – you may become incapacitated or die before they turn 18 years old. Therefore, you need to choose someone who will take care of them (a guardian).
Since the guardian will play a critical part in your child’s life, it’s critical to make informed decisions. Below are three factors to keep in mind when choosing a guardian:
1. Values
If you have values you want your child to grow around, pick a guardian who shares them. These include parental, financial, educational and spiritual beliefs. For example, if you have a permissive parenting style, it may be unwise to name a guardian who values authoritative parenting. Your child may have a difficult time getting used to the new way of living.
If you want your child to be raised around particular spiritual beliefs, choose a guardian with those beliefs, and so forth.
2. Financial stability
It’s vital to consider financial stability when choosing a guardian. Does your chosen guardian have a stable job or financial resources to raise your child comfortably?
You don’t want your loved one to experience a financial burden taking care of your child, as they may need to cover emergency expenses or immediate costs before they can access the money you leave for your child.
3. Physical ability
Choose a guardian with the physical ability to raise your child to adulthood. Thus, consider the age and health of every party you believe is best suited to be a guardian.
These are a few examples of the factors to consider when naming a guardian for your child. Obtain more information to ensure your child will be in good hands when you are unable to take care of them.