It is not just elderly Colorado residents who can benefit from an estate plan and a will. An estate plan is just as important for every individual, especially if you have children. Death cannot be planned, and you want to make sure your kids are cared for if something happens to you unexpectedly. When you are choosing a guardian for your children in the event that you die when they are young, FindLaw provides a few things to consider.
First, consider someone who has similar parenting styles, values and goals as you and your spouse. If your kids are raised by someone else, do you want them with someone who would parent as you would? Even if the guardian you are choosing is only entitled to make financial decisions regarding your children, you want someone who shares your values and philosophy.
Second, consider how long the person will be able to care for your children. It may not be a good idea to choose your elderly grandmother who may not last long after you die. On a similar note, choose someone who is healthy enough to care for kids. Even younger siblings or friends may have health problems that make it hard for them to care for others.
Third, the decision should be one you make with your spouse without the opinion of others. Stick to your independent choices and what you feel is right, rather than what your family or friends think.
Finally, if you do choose someone as a guardian of your children, it is important to let them know. Talk over what you expect from them and get their approval before you make it official. They may have reasons they cannot care for your children that you are unaware of, and discussing it beforehand ensures you are both aware of what is expected.
This is intended for educational purposes and should not be interpreted as legal advice.