A guardianship is a very important tool for parents who are worried about what is going to happen to their children if both parents pass away. This is a frightening prospect for many parents, but it is one that shouldn't be ignored. Here are a few points to remember about guardianships:
Choosing a guardian for your child is one of the biggest estate planning decisions you will make. This is the person who will step in to raise your child should you (and your spouse) no longer be around to do so.