What is the name of your state? Florida
My husband and I have two minor children. We are currently drafting up our wills. The guardian and the executor we have chosen are two separate people. The guardian has agreed to raise our girls following our personal beliefs but is not adept at handling money; the executor is excellent at managing money but holds a different belief system than we do for raising the girls.
We are discussing what might happen if one agrees to a course of action and the other does not. Who gets to determine what decision is followed?
Can we build a clause into the will that designates a third person to be mediator if something like this occurs, and that the third person's decision is final and binding? The mediator is neither willing to be guardian for the girls (health reasons) nor manage the estate (not comfortable with finances), but is someone we implicitly trust to make sound decisions for the girls.What is the name of your state?
My husband and I have two minor children. We are currently drafting up our wills. The guardian and the executor we have chosen are two separate people. The guardian has agreed to raise our girls following our personal beliefs but is not adept at handling money; the executor is excellent at managing money but holds a different belief system than we do for raising the girls.
We are discussing what might happen if one agrees to a course of action and the other does not. Who gets to determine what decision is followed?
Can we build a clause into the will that designates a third person to be mediator if something like this occurs, and that the third person's decision is final and binding? The mediator is neither willing to be guardian for the girls (health reasons) nor manage the estate (not comfortable with finances), but is someone we implicitly trust to make sound decisions for the girls.What is the name of your state?