Choosing the Right Guardian for Your Children
Written by Cindy-Marie Leicester on October 19, 2017.
As a parent, do you remember how hard it was to leave your newborn baby for the first time? Perhaps you entrusted your child to the care of a relative, or close friends of the family. How did you make that decision? Convenience, timing, experience, familiarity, capability?
These are the same questions you should ask yourself when considering who would raise your children in the event of a tragedy that would leave them orphaned.
I cannot emphasize enough how essential it is to nominate a legal guardian for your children. As expat parents, this requires even more thought. The guardian/s you select will be responsible for looking after children until they turn eighteen, so it is not a decision that should be made lightly.
When choosing a legal guardian for your kids, here are several key factors you should consider:
Age – will they be able to cope with bringing up very young children or be able to control children in their teenage years?
Location – will your children have to move school and be separated from their friends? Will they have to move countries?
Finances – will they be able to accommodate your children? Trusts can be set up in your will to provide income and capital for your children’s benefit. Further provisions can be made for guardians.
Existing responsibilities – do they have other children? Can they provide a stable environment for as long as is required?
Most people think of a will as something you write later in life, but as an expat parent of young children it is imperative that you nominate guardians and writing a will is a legally binding way to achieve that.
If you’re looking for assistance throughout the will-writing process, I’d be more than happy to help. I have extensive international experience working with expats like you, and I can talk you through the ins and outs of having a will drawn up - including the all-important matter of who will be entrusted with the guardianship of your children.
If you'd like to discuss writing a will, or even reviewing your existing will, please do email Infinity at email@example.com and they will organise a complimentary consultation with me.
Cindy-Marie Leicester provides will writing services as a third party professional adviser and Infinity Financial Solutions Ltd takes no responsibility for the goods and services provided by any third party to whom clients are referred.
In no event shall Infinity be liable to you, or any third party, for direct, indirect or consequential damages, cost or loss of profits arising from your use of third party referral services. Infinity may receive a referral fee from third party will writers for introductions.