While the possibility of dying or becoming incapacitated may seem remote to younger parents, naming guardians is an essential step – much like an insurance policy – in caring for the next generation. You should identify and designate at least one guardian to care for your children and their property if you die before the child reaches 18. In picking a guardian, you should consider, at a minimum, people who share similar values, have experience raising children, have an existing relationship with your child, are geographically appropriate, and are financially competent and trustworthy.