If you’re a parent, you want to make sure you’ve provided for your children in the event you die while your kids are still minors. Part of doing this is to make a will appointing a guardian for your children. Sometimes, though, there are special complications that can make choosing a guardian especially difficult.
If you have children from multiple marriages for example, you may be wondering how to choose a single guardian for all your kids.
In some cases, this is not a difficult decision. You may have a brother, sister or other relative that can take all your children and they can continue their relationships with their separate families as well.
If you don’t have access to this kind of accommodation, you may have to consider splitting the children up by designating their respective relatives as guardians.
The truth is, there’s no requirement that you name one guardian for all your children, although most people do so in an effort to avoid separating their children. You, as a parent, know what’s best for your children, and it’s most important that you choose the guardianship arrangement that will best meet each child’s needs. Also keep in mind that, generally, if one parent dies, the child goes to his or her surviving parent and not to your designated guardian.
To make sure you’ve chosen the best possible solution, consult with an estate planning attorney.
Mr. Kraft assists clients primarily in the areas of estate planning and administration, Medicaid planning, federal and state taxation, real estate and corporate law, bringing the added perspective of an accounting background to his work.