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Wills – appoint a guardian for children

| Oct 28, 2013 | estate planning |

Wills are generally thought of as a document to designate where your life savings should be distributed at the time of your death. Another important purpose for a Last Will and Testament is to designate a Guardian of your minor children. You should also consider designating an alternate Guardian in case your appointed person becomes unable or unwilling to serve.

There are many factors to consider when designating a Guardian such as religion, similar values, geographic location, age, family relation or friend and current relationship with your children.

Also, the Guardian can manage the “person” and/or the “property” of your minor child. You can designate the same person or different people for these duties.