A court-appointed personal representative must post a bond, even when the estate is insignificant in value. The amount of the bond usually is determined by the estimated value of the estate. A will allows you to name a guardian for minors Parents usually wish to provide a guardian for their children who are minors. This guardian will serve if both parents die. Of course, the naming of a guardian is subject to court approval.
State law allows for the appointment of two guardians.
One person may be appointed as guardian of the child's estate, while the other is guardian of the person or has custody of the child. This guardian is responsible for the nurture and education of the child. You should be extremely careful when considering and selecting your child's guardian. If the estate's assets are sufficient, the personal representative may agree to advance additional funds from the heir's share. If you do not leave a will, your property will be distributed according to the state's intestate succession laws.