If you have children, you are asked to enter them so that they're stated on your Will & Revocable Trust. Adding them will not necessarily mean they are entitled to any of your estates. This is simply for reference.
If any of your children are under 18 years old:
You will asked to assign a Guardian and alternative guardian for that child(ren) .
Do not name your child’s other legal parent as a guardian or alternate guardian. The guardian you name only assumes this responsibility if there is no surviving parent able to care for your child or children. If a guardian is needed, please be aware that the court does not have to honor your request as they are bound to look at what is in the best interest of the child. However, as a practical matter, most requests to appoint a guardian are honored unless there is some very compelling reason not to. Before listing a guardian or alternate guardian, please check with those individuals to make certain that they’re willing to act as guardians to your child or children.
Remember minors cannot inherit money. So do not leave them as beneficiaries of your retirement accounts or life insurance policies. That is why a trust is so important. Make sure this person is financially responsible. If they can’t handle their own money they can't handle your kids money.
There are two ways that this term is commonly used: a guardian of the person and a guardian of the estate. A guardian of the person, for a minor child, is the individual who will decide where the child lives, where the child goes to school, and what religion the child practices, and he or she will have the ability to give consent for medical treatment.
Within the Must Have Documents program, Guardianship is covered in section 1.3 of the Will.
To edit a child or guardian:
1) Click on 'Your Info' at the top left of the program, then scroll down to select
'Children - Make Changes'.
2) Here you will be able to edit your children's or guardian's basic information