Guardians and Executors FAQ
What is a Guardian?
A Guardian is a person you appoint to take care of your underage children or pets if you pass away.
Who should I choose as guardians?
Your children's best interest is important, so choosing someone who may be close to them or know them well would be the best option. Things to consider when choosing a guardian include:
- Do my children get along with them?
- Would the guardian be able to manage having additional family members in their life?
- Would the children be able to live with the guardian or go to a boarding school?
- Could the children stay in the same school?
Did we mention that you can also appoint guardians for your pets? Make sure that all members of your family will be looked after.
Is a guardian the same as an executor?
No, a guardian and an executor serve entirely different roles in a Will. A guardian is responsible for the care, upbringing, and overall well-being of your children. On the other hand, an executor manages your estate, ensuring that your assets are distributed according to your wishes. While you can appoint the same person for both roles, many people prefer to separate these responsibilities to avoid overburdening one individual.
What is a court-ordered guardianship?
A court-ordered guardianship occurs when no guardian is named in a Will, or the appointed guardian is unable to serve. In such cases, the court steps in to appoint someone it considers suitable to care for your child. However, this process may not align with your personal wishes, making it crucial to appoint a guardian in your Will to ensure your child’s future is in trusted hands.
What is an Executor?
An Executor is the person you appoint to administer your estate and carry out the wishes in your Will. The Executor will be responsible for collecting your assets, paying off any debts and distributing your estate to your beneficiaries.