My Sister-in-Law is Terrible with Money: Should I Still Name Her in My Will as My Kids’ Legal Guardian?

First things first: It’s important to remember that the odds of your young kids surviving both you and your partner are so, so slim. (Not a guarantee, of course, but something to help alleviate some of the pressure and stress around this emotional topic.) If one of you should pass away before your children, the care for your kids automatically falls on the surviving parent, unless you name a guardian.

 

Still, for this situation—should the worst-case scenario occur—you can actually use your will to assign different responsibilities to different people as they relate to care and finances. Click to continue reading…

 

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