Naming a guardian to care for your children if something should happen to you can seem like an unpleasant and morbid task. However, if you have minor children, considering guardianship in the event of your untimely death is just as important, if not more so, as naming the beneficiaries of your estate. It may also give you and other Detroit residents peace of mind if you have the details of guardianship worked out in your will or trust plan.
According to Forbes, Michigan law allows residents to appoint a guardian for their minor children in their will, and for the court to honor a guardianship appointment. However, designating a guardian for your children should involve more consideration than merely naming a grandparent, aunt or close family friend in your will. You will need to carefully think about the life and circumstances of the potential guardian. Your parents may seem like the ideal people to raise your children if you pass away, but how is their health? Are they getting too old to take care of young children? What is their financial situation like? Would they want to step up to the plate, or would they have misgivings? Do they share the same views as you on morals, values, religion and discipline?
You might want to ask these questions about anyone you are considering for the guardianship role. Additionally, you will want to speak with them about their own wishes and input. Depending on your children’s age, you may want to discuss the matter with them as well. Funding a trust for the financial aspect of caring for your children is also an important step. Choosing a guardian for your minor children is a weighty matter that should not be taken lightly. Therefore, this information should not take the place of a lawyer’s advice.