If anything were to happen to you, you’d want your child to be in the best care possible. While this scenario is never fun to think about, it’s important to plan for – just in case.
But choosing the best guardian for your child is not an easy task. There are many factors to consider, ranging from the potential guardian’s finances to their parenting style. Here are a few key considerations when determining a guardian for your child:
- Financial responsibility. Your potential guardian’s financial situation could have a huge impact on your child’s future. You should ask yourself: does this person have a stable job? Do they manage their money well? Could they provide for my child in the long run? It’s important to be able to confidently answer yes to these questions.
- Similar values. You should think about the values you want to instill in your child. Perhaps they are religion, education or helping the less fortunate. Whatever your values are, you should choose a guardian who respects them and would pass them along to your child.
- Good health. Raising a child takes a lot of energy. Your potential guardian should be someone who can keep up with your child. You should also consider the likelihood of that person falling ill or passing away before your child is an adult.
- Quality parenting skills. You want someone who will serve as a good role model for your child. It’s imperative that this person listens to your child, communicates well and isn’t afraid to put their foot down when needed. Most importantly, your potential guardian should respect and love your child unconditionally.
After you’ve chosen a guardian, you should secure it in writing. An estate planning attorney can help you create or update your will with this valuable information.