It should be noted that if your assets, life insurance, and other benefits will provide sufficient income and capital for the welfare and education of your children, your choice of guardian need not be based on monetary considerations. In many cases, it may be appropriate to name the guardian as one of the co-trustees, particularly if your children may still be minors after both of you have died. Children age 14 or older are given some control over the choice of guardian. P.C. Her practice areas include Estate Planning , Probate , Wills and Trusts , and Elder Law. Information is not provided as advice for a specific matter, nor does its publication create an attorney-client relationship.
Laws vary from one state to another.
For legal advice on a specific matter, consult an attorney. P.C. All rights reserved.