1 in 30 parents pass away before their child is 18.
This is a scary statistic and unpleasant to read. However, it demonstrates the importance of appointing legal guardians for your child(ren).
A legal guardian is someone who has the legal authority to take care of a child, should anything happen to the parents. Guardians are responsible for taking all parental decisions. They can also be responsible for managing a child’s property and inheritance.
In a previous blog we discussed why everyone should have a Will.
The blog talked about what a Will is, the associated costs, things to think about l, and what happens if you choose not to make one.
When compiling your Will, you don’t just decide how your estate is divided up; there is more to consider. If you have children you will also have a say as to who should look after them. If your children are under 18, you can appoint their legal guardians.
If you don’t detail such instructions, the decision about who takes legal guardianship of your child(ren) could be left to the family courts. This has resulted in many disputes from wider family. What if the courts choose a person you wouldn’t agree with?
The nominated legal guardian will only be called upon if both parents have passed away before the child is 18 years old.