Guardianship should be considered when a family member or loved one lacks the ability to think clearly, and is unable to make rational, clear-headed decisions about their health care, finances or other aspects of life.
Most people don't like thinking about the end of their life, let alone what will happen to their possessions, assets and debts after they have passed. Sadly, that's exactly what an estate plan forces us to do.
Have you ever found yourself saying, "I'm not old enough to even think about making a will or an estate plan?" If so, you're not alone. Many people believe that an estate plan is only for people reaching retirement age or those who have a substantial amount of assets that need to be accounted for upon their death. This isn't true, though.