Death is not a subject that people in Missouri really like to think about all the time, but unfortunately, it is inevitable. The hope is certainly that people are able to live a long, full life prior to passing away, but that is not always the case. There are many aspects of life that are out of people’s control and some people have untimely deaths due to fatal accidents and other reasons. Some of these people may still have young children when they pass away.
If the other parent is still living, they will be able to care for them even though it will be difficult. However, if both parents pass away, someone will need to care for the children. That is one reason why it is important for young parents to go through the estate planning process even if they do not have many assets to worry about at the time. People can name guardians in their wills so those individuals hopefully are the one’s to raise their children in a worst-case scenario.
Some factors to consider
This process needs to be taken seriously though because it is a great responsibility for people to raise children, especially those who are not their own. So, people should consider various factors such as:
- Determining priorities of the potential guardian
- Whether the potential guardian has similar values, which they will use when raising the children
- Will the guardians be able to afford raising the children to avoid putting financial strain on them
- Age of the potential guardians and whether they will be a good fit for raising children
- Discussing it with the potential guardian to ensure they are willing to do it
While dying before one’s children is not something that people in Missouri think will happen, it is still important to plan for it. Choosing a potential guardian is also a major decision that should not be taken lightly. Experienced attorneys understand the importance of the decision as well as the estate planning process in general and may be able to guide one through it.