Choosing the right person to be a guardian for your children is a crucial decision. Here’s a simple guide to help you through the process:

Make a List

Start by listing potential guardians, including both family members and close friends. Think about who you trust and who has a good relationship with your children.

• Pros and Cons: Write down the strengths and weaknesses of each person on your list.
• Values and Beliefs: Consider if their values and beliefs align with yours.
• Age and Health: Think about their age and health. Are they physically capable of taking care of your children?
• Parenting Style: Reflect on their parenting style. Is it similar to yours?
• Existing Family Circumstances: Look at their current family situation. Do they have children of their own? How would your children fit in?
• Finances: Assess their financial stability. Can they afford to take on the responsibility?
• Location: Consider where they live. Is it a place where your children would be happy and comfortable?

Discuss with the Chosen Guardian

• Once you’ve decided on the best candidate, have an open and honest conversation with them. Make sure they are willing and able to take on the responsibility.

Make it Legal

• Update your Will to include your chosen guardian. This makes your decision legally binding.
• Review and update your guardianship choice every few years, as circumstances can change.

By following these steps, you can ensure that your children will be cared for by someone who shares your values and is capable of providing a loving and stable environment. Remember, this is a significant decision, so take your time and choose wisely.

This information is of a general nature and is not intended as personalised financial advice. RIVAL Wealth is a Financial Advice Provider (FAP) licenced by the Financial Markets Authority to provide financial advice. Our disclosure document is located at rivalwealth.co.nz or a written copy is available on request