Who Will Take Care of the Kids

Who Will Take Care of the Kids if Something Happens to Me?

If you have one or more minor children, you will need to name a Guardian for them in your Will or Living Trust. Your Guardian will make personal and financial decisions for any of your minor children if you are no longer living or incapacitated and can no longer take care of them. Without a named Guardian, the court will pick whomever they want, and your wishes will never be known. Although the local probate court actually appoints the Guardians, the court almost always appoints the person named in the parent’s Will.

Factors to consider when deciding on a Guardian are the person’s:

  • Child rearing skills
  • Similar or compatible religious beliefs
  • Family situation—if there are other children in the person’s household similar in age to your children
  • Integrity and stability
  • Physical ability to care for your children
  • Job situation—to ensure they have time to care for your children
  • Financial lifestyle and philosophy
  • Geographical location

Note that you may decide to name someone other than your Guardian to manage and invest your child’s assets (i.e., in a living trust for your child), so the Guardian does not necessarily need to have great money management skills.
If you’re married, have this conversation with your spouse right away. If you’re a single parent, discuss it with another trusted adult. Then create your Guardianship papers. Should the unthinkable happen, your kids will be protected.


About Kris Miller

For the past 20 years, my clients have relied on me as a PREtirement and living trust expert. I’ve become known as The Money Maestro, Credentials for Kris Miller, ChFEBS, CSA, LDA Certified Senior Advisor and Estate Planning Specialist for more than 20 years Charted Federal Employee Benefit Specialist Licensed Legal Document Assistant (Paralegal in California) Licensed to offer life insurance and long-term care insurance (State of California and Tennessee) Owner of Trusts Unlimited and The Living Trust Institute, a legal and financial document preparation service Member, Society of Senior Advisors Member, National Speakers Association Experienced speaker offering keynotes, seminars, and workshops on retirement and estate planning throughout the United States Nominated as 2010 Woman of the Year and best Customer Service by the Hemet, California, Chamber of Commerce Nominee and winner in three categories in the National American Country Music Awards and Inspirational Country Music Awards for songwriting (2008, 2009, 2010) Nominated Inspirational Music’s Songwriter of the Year
This entry was posted in Finanicial Planning and tagged , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>