Whilst it is clear that family members would rally round in a tragic situation, it
is not always clear who would be granted the legal responsibility for the children.
Indeed, there could be competing claims from different family members all wanting
to do their best for the youngsters.
The best way to avoid all the arguments and to be confident about what would happen
is to write a Will and to clearly appoint a Guardian in it.
A Guardian takes on parental responsibility for your children. Normally the role
takes effect only if both parents have passed away. A Guardian does not have financial
responsibility for the child’s money - that is the role of the Executors/Trustees
who you also specify in your Will.
Hopefully the roles of Guardian and Trustee are never required - but by creating
a simple Will you can be sure who would take care of your children and who would
look after their money.
Who would look after my children if I were to die?