Planning for Children
Make informed decisions involving guardians and planning for minor children.
Choosing a guardian
If you have minor children, one of the more personal decisions in estate planning is naming a guardian, and an alternate, in case your first choice is unable to serve.
Alternates and successor decisions
Naming a backup choice, and thinking through how that decision should work in different circumstances, is part of making this planning meaningful rather than just a formality.
Coordinating property for children
Estate planning can also address how property intended for children is managed, for example by coordinating that with other planning tools such as a trust. The right approach depends on your family and your goals.
A personal decision
There’s no universal answer here. This is exactly the kind of decision that benefits from individualized advice rather than a generic template.
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