Yes, you absolutely should make arrangements for your children should you pass away before they are adults. Name someone to be guardian and care-taker and someone to handle whatever funds you leave for their care or any other income they may have. These jobs can be handled by one or more persons, depending on your situation. Also leave instructions on how you would like the children to be raised (what you think is important - like post-high school education, which religion if any they should be a part of, family members such as grandparents that they should have regular access to, etc.)
Answered on Sep 20th, 2013 at 2:26 AM