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Tuesday, November 18, 2014

Location

This column is not about real estate, so “location, location, location” is not an accurate statement.  This is about Liz and Ray’s Will – and who they would name to serve as guardians of baby Sam and 4-year-old Rose - in case their parents both were to pass away before their children are adults.

Like having a close family relationship, location matters, but it is not the end of the inquiry.  In fact, neither person with Rose and Sam as niece and nephew reside in the same school district.  In fact, one lives about an hour away, and the other lives in Idaho.  So Rose and Sam would have to change houses, school, neighborhood, town, and possibly even their home state and region of the country if uncle or aunt ended up as guardian. 

Their closest neighbors have only older kids, but have been friendly since Ray and Liz moved in about 5 years ago.  On the other hand, even Rose doesn’t know them more than as nice next door neighbors, and they have so far only met (and of course, admired) 3-month-old Sam while he is out on walks with his family. 

Of course, their aunt and uncle both have known his parents longer and have endured far more stories about both Sam and Rose and ‘had’ to adore them much longer. 

So their aunt or uncle would likely be better choices than the neighbors in spite of location.  On the other hand, if a close friend or cousin lived nearby and saw them often, that person might be an even better choice.

For assistance considering your estate planning choices, including whom to name as guardian, please call our office at (815) 436-1996 for an appointment.

© 2014 Gruber Law Office, Ltd.


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