If you're single or married with children, life can be extremely busy.
But it's important to make plans if something happens to you. Many people think of naming a guardian to help the children get through to becoming a legal adult.
The issue of guardianship can stop people in their tracks. But remember, kids grow up quickly and that guardianship is an issue only until age 18. After this age, no legal guardianship is generally involved.
And, if you also have a MA living trust in place, the trust assets can be managed more conveniently than a guardianship. While the law still requires a person be appointed to legally be in charge of minors, the tasks of investing money and giving it from time to time to the guardian can be handled by a trustee of a trust.
The living trust operates under a different set of rules than a guardian that is also handling the money. The same person can be both the guardian and the trustee, though.