PortfolioPilot
By Alexander Harmsen
March 24th, 2026
Without a legal guardian in place, if something happens to you, the courts will decide who takes care of your children. Designate a trusted person in your will.
For parents of minor children, estate planning is not only about assets – it is about responsibility. A will can determine who inherits property, but it can also specify who is legally responsible for a child if both parents die or become unable to care for them. When no guardian is named, that decision is left to the courts.
Naming a guardian can feel uncomfortable. It requires contemplating unlikely but emotionally difficult scenarios and making judgments about family members or close friends. As a result, many parents postpone the decision, assuming it can be handled later.
There is also a sense of informality. Parents may have shared verbal understandings with relatives or assumed that “everyone knows” who would step in if needed. That assumption can feel sufficient while circumstances remain stable.
