Many parents struggle with the idea of naming a guardian for their minor child(ren). This is understandable, as it is probably the hardest part of any estate plan from an emotional standpoint. Many clients like to separate the guardian from the trustee to achieve a system of checks and balances between the two. The guardian would have to work with the trustee to develop a budget and make sure that the needs of the child(ren) are being met.
Other clients name a single person to handle both jobs. There is no right or wrong answer. It depends on your own feelings, comfort level, and the people that you may have available to fill those positions.
Also consider contingencies. For instance, your sibling and her spouse may be a great choice, but what should happen if they are divorced? What happens if they move out of the area?
It is difficult to cover every possible contingency, but covering some of these potential issues in advance may be very helpful.
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