Holicent
VIP Contributor
It's important to choose the right person to manage your finances in case of emergency. Most people don't want to think about their own death, but it's important to have a plan in place for what happens if you're no longer able to make decisions for yourself.
The most critical aspect of choosing a guardian is that they have the same priorities as you do. This means they'll be looking out for your best interests, rather than trying to make money off of your estate or leaving it to someone else who doesn't share your values. In order to protect against fraud and abuse, there are strict rules on who can be chosen as an emergency guardian. The person must meet certain qualifications:
1. Be at least 18 years old (or married)
2. Have no criminal record (including misdemeanors or traffic violations)
3. Not have been found by a court to be mentally unfit or incompetent in the past 3 years (regardless of whether or not he or she was ever formally declared incompetent).
The most critical aspect of choosing a guardian is that they have the same priorities as you do. This means they'll be looking out for your best interests, rather than trying to make money off of your estate or leaving it to someone else who doesn't share your values. In order to protect against fraud and abuse, there are strict rules on who can be chosen as an emergency guardian. The person must meet certain qualifications:
1. Be at least 18 years old (or married)
2. Have no criminal record (including misdemeanors or traffic violations)
3. Not have been found by a court to be mentally unfit or incompetent in the past 3 years (regardless of whether or not he or she was ever formally declared incompetent).
