Most Important Factor: Trust and Shared Values
Choose someone you trust completely who shares your values. This person may potentially raise your children for years and needs to raise them in a manner similar to how you would, sharing your same values.
Don't Focus on Money
Don't focus on how much money your potential guardians have. Your job as a parent is to provide the money—typically through life insurance—not theirs. Don't confuse monetary factors with the more important factors of trust and shared values.
Explore comprehensive estate planning strategies that protect your children's future.