Who Should You Pick to be Your Kids’ Legal Guardians if You Die?

Have you ever thought about what happens to your kids if you die? No one wants to think about their own mortality, but until we develop a true singularity, then we all must confront and deal with our own death and what happens to our kids after we’re gone. Pricenomics analyzed data from an application based will generator Tomorrow.me to see who testators are choosing to fulfill this extremely important role in their estate plan.

What’s a Guardian?

A guardian is a person that you nominate who will take care of and raise your children if something ever happens to you. They should be something who you know has the same parenting values as you, who will raise your kids in the way that you want, and who will be there to provide your kids with emotional support during times of uncertainty.

(If you’re into Marvel, a guardian is basically what Rocket is to Groot, but with fewer spaceships.)

Who Get Top Slot as Guardian?

Testators using Tomorrow.me most often choose their moms. That makes sense, right? You mother has a proven track record as a successful parent. If they did it once, they can do it again. The second most picked person is the sister. After that, father, brother, and a female friend are essentially tied.

How Old Are the Assigned Guardians?

Since most testators are picking their moms, their moms are significantly older than the testator. The average age of these guardian selections are 55.5.

What’s Wrong with This?

Tomorrow.me is an application you can download onto your phone or tablet and create a will in a matter of minutes. That sounds really appealing, but there is absolutely zero advice because Tomorrow.me is an insurance product. They are giving away wills in the hope that you will purchase life insurance from them.

That in and of itself isn’t bad, except when you realize that there is no information, consultation, or advice that goes into the creation of your Will or the selection of your Guardians. You Will is one of the most important documents you will sign in your life. It will ensure that your kids are taken care of if anything happens to you.

It is not uncommon for a testator to select close family members, but in the absence of advice, we can see from the data that people not only forget their mortality, they forget the mortality of their moms. We often have to remind clients that their parents are 20 to 40 years older than they are. Your parents will need to be alive for the next 20+ years to ensure that your children will be taken care of through adulthood. By the time your child is old enough and financially secure enough to leave home, your mom or dad might be in their late 70s or 80s. That is not a good situation for anyone.

As much as you don’t want to think about it, someday, your parents will pass away. It’s a sad reality, but you have to confront it when making these decisions. Do you really think it’s in your child’s (or your parent’s) best interest to nominate them to raise your children when they are in the sunset of their lives. They might not be in the best mental, physical, or financial situation. And hopefully, your parents are finally getting into the swing of retirement. They should be able to enjoy the time that they have to spoil your kids without having to start over again as their parent.

Since Tomorrow.me is not a law firm, they can’t explain this to you. They can’t hold your hand while you make these tough decisions. They can’t aide you in making the right choices because they’re primary objective is to sell you insurance, not to provide you with legal life planning advice.

When you’re planning for the care and raising of your children, you have to think about providing them with a stable home environment by people you know will raise your children how you want them to be raised. That discussion is a lot harder to have and that decision is a lot harder to reach than can be had with a simple tablet application. Remember, you get what you pay for, and here, you’re not paying for anything. You’re the product.