Designating a guardian

[Chlosavxox]

Hi,

My parents would like to designate me as a guardian to my 6 year old sister in the event that they both died. They are both early 40s so we are obviously hoping this will never be the case but we would all like to be on the safe side just in case.

Is there a way of doing this simply or would they have to hire a lawyer and pay for a will etc?

I've read that there was some kind of 'Designate a guardian' form but I think that was for a different country.

If anyone could enlighten me on this then any suggestions would be appreciated

They really need wills anyway. Mumblechum is a mumsnetter who is also a will writer and is very reasonable and good.
Better to do it all at once.

Wills are not that expensive and I think are their best bet. They should have one anyway.

My DB and his DW have just remade their wills and named us to care for their DD should they die. I don't think it is expensive to makes a will and some solicitors do special offers from time to time.

Make wills and include trust fund arrangement for your sibling with who the trustees are etc. Wil provide funds to help you care for her in case the worst happens. Do they have life insurance as well?

They have life insurance and tbh other than the house there's not really much to put in a will! It's just more ensuring that my little sister is with the right person but I'll defiantly pass this info on and I'm currently pregnant now too so it's something I'll be ensuring I do when baby's here too

Well if they have life insurance, then the proceeds can be separate to a will as they can be out directly into trust. They need to write a deed of trust and lodge it with the insurance company and that means the proceeds will not be taxed if the inheritance tax threshold is breached