- Failing to Create a Formal Guardian Nomination
(or “Doing Nothing and Hoping for the Best”)
In an ideal world you would always be there for your kids. But what if you couldn’t? Whether temporary or not, serious or not, shouldn’t you be the one to choose who’s there for your child at this challenging time?
- Assuming Your Family Knows Your Wishes, and Will be Able to Follow Them
If you’re assuming your family knows what you would want, they probably don’t. Don’t leave your family guessing, or having to make these decisions for you. Even if you have made your wishes known, your family may not be able to follow them without a formal guardian nomination.
- Failing to Consider the Potential Guardian’s Values, Location, etc.
There are a lot of important factors to consider when nominating a guardian. Where does this person live? Would your child be able to attend the same school? The same church? Are you comfortable with this guardian’s values? Their work schedule?
- Putting It Off Because You Don’t Have the Perfect Guardian in Mind
The above factors are important, but don’t let the quest for perfection derail you. Having something in place is better than having no plan at all. Would you rather have someone else choose for you? If something were to happen, your kids would need to know that they are where you want them to be, and that you made a plan.
- Believing That One Person Has to Be the Perfect Guardian
You can choose one person to care for your child, and one to manage their finances. It doesn’t have to be the same person, unless you want it to be. And if you don’t have anyone in mind who’s good with money, there are professional options available.