A will provides parents with a sense of peace of mind. This is because the
will allows them to know who is going to care and provide for their minor
children in case something should happen to them. By naming a guardian in
your will, you will be ensured that you can choose who will assume this
important role instead of allowing the courts to do this for you.
The guardian that you name in your will is the person who will become
responsible for caring for your child's physical, health, educational and
well-being until they become 18-years-old. If your child's other parent
survives you, then most of the time it will be that parent who will assume
guardianship without you needing to take any special action. However, it is
important to take into consideration that your spouse will not be able to be
the guardian.
Whomever you choose to be your child's legal guardian will provide your
child with all of their basic needs: food, clothing, shelter, health care
and education until they become legal adults at the age of 18-years-old.
For this reason you will want to make sure that this person has good
parenting skills and that their values are similar to your own. This is why
family members and close friends make good options. You should also know
that you can name co-guardians but this may lead to custody problems if the
co-guardians should get a divorce in the future.
You need to understand that the trustee is not responsible for meeting your
child's financial needs with their own money. Instead, a trustee will
handle those arrangements with money that has been provided by the estate
and dedicated to this purpose. (This could also be handled by the executor
of your will.) You should also know that the guardian whom you choose is
not going to be paid for their services.
In conclusion, parents of minor children are able to name guardians for
their children in their will. This is actually one of the most important
functions of your will. Make sure though that you are completely confident
with the person whom you choose and that they are willing to take on this
responsibility just in case the need should actually arise.