Guardianship for Minors
For parents with young children, the most important aspect of the Will is the opportunity to name guardians for the children in the event both parents pass away. The Will allows a parent to identify a guardian of the person of their minor children (the person who raises their children) and a guardian of the estate of their minor children (the person who oversees their finances). This decision is not always an easy one. However, nominating a guardian will eliminate uncertainty and make the parents’ wishes clear in the event of a catastrophe. In the absence of the designation of these persons in the Will, a Court will designate these guardians and the person chosen by the Court may not be the person that you may have wanted.