There are many to-dos on the estate planning checklist, from selecting beneficiaries to naming a power of attorney. But perhaps the most important aspect of this legal process is naming a guardian for your children should you pass away suddenly or become incapacitated. If you’re preparing for this crucial decision, use the three factors below to make the right choice.

There Are Different Types

The two main types of legal guardians are guardians of the person and guardians of the state. The first will be responsible for taking care of your child in person and making decisions on their behalf (such as when to take them to the doctor, or what school to send them to).

Guardians of the estate will manage your child’s inheritance—or the money and assets you left for them in a trust—until they are of legal age to receive it.

If you’d like, you can choose different individuals for each type of guardianship, such as if you trust your best friend with finances but believe a sibling would make a more nurturing, parental figure.

Consider Their Virtues & Lifestyles 

Above all, you’ll want to choose guardians whose goals and virtues align with yours. At the very least, their lifestyle should provide a stable, and nurturing environment for raising a child. This means they should not only have a stable income, but also the time and willingness to devote mental and emotional energy to your children.

You may want to pass over those with lofty career goals, busy travel schedules, or hectic social lives. Once you have a few individuals in mind, sit down with them and ask if they’d be willing to take on this responsibility should you become incapacitated or pass away suddenly—their reaction or response may further inform your decision.

If you need help with this estate planning task, turn to Lance S. Cox, Attorney At Law. The Cincinnati, OH, lawyer has over 30 years of experience helping clients plan for their future and leave a legacy behind for their loved ones. With his help, you can draft a comprehensive will, establish a trust, and ensure your children have someone trustworthy to look after them. To learn more about his estate planning services, visit the website. You can also call (513) 528-6000 to arrange for a consultation.