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Showing posts from April, 2017

Tips for Choosing a Guardian for Your Children

Over 60% of parents have not chosen a guardian for their children. If you have not designated a guardian legally and clearly, then you are putting your children at risk of being raised by someone that you don’t trust or that you would never choose. Most of us cringe at the thought of a court appointed person or Judge who has never met us, determining who will raise our children and manage the money that we’ve carefully set aside for their care. Start the conversation with your child’s other parent about who should raise your children and who should manage the money that you’ve left to them. Consider having a guardian of the person (who parents them) and guardian of the estate (who manages the money). Let’s face it some of us are better at “parenting” than investing and managing significant sums of money. Who immediately comes to mind as a good candidate? Now, press a little harder.
        1. Do your children know them? Ideally, your guardian selection will be someone your children alr…