If you have a minor child, it’s crucial to name a guardian for them. This is someone who will raise them to adulthood if you become unable to do so.
In Florida, if the parents of a minor child become incapacitated or die without a named guardian, a judge appoints one. Therefore, it’s beneficial to choose that person yourself and codify that choice in your estate plan. Here are some important things to know when naming a guardian.
Have non-negotiable qualities
List qualities you believe a guardian should possess. For instance, choosing someone who shares your core values regarding parenting style, educational beliefs, morals and religion would help maintain stability for your child.
An existing bond can provide immediate emotional comfort for your child. Considering physical capacity to keep up with your child’s active routines can also be important. You should also consider the guardian’s location if you want your child to remain at their current school or in their neighborhood.
The two types of guardians
Florida law recognizes two primary categories of guardianship for a minor child. The guardian of the person lives with the child and makes day-to-day decisions. The guardian of the property manages the child’s financial assets. You can name one person to serve both roles, or you can name two people for each role.
It helps to name alternate guardians
An alternate guardian is a backup to the primary one. If a primary guardian is unable to serve when the time comes, an alternate is already named, so the court does not need to choose another guardian.
Parents of a minor child should name a guardian when estate planning. Get more information on how this and other estate planning steps can protect your child if you aren’t there to do so.