We're in the process of writing our wills so everyone can be clear about who will care for our DD (5 months).
I'd be really interested to know what other people have done with regards to finances. Obviously we want to leave money to our DD but what about the costs of bringing her up. Her guardian is relatively well off so day to day living costs would not be a problem, but what about one-off expenses? For example, the guardian has saved for about 4 years for a family trip to Florida next year. Taking another child would mean needing more time to save and I don't want DD's cousins to miss out because of DD. I know this seems a nice problem to have in these financially-difficult times but I do want to think these things through. The guardian hasn't mentioned this btw.
What have others done? Do guardians just expect to take on the financial responsibility? Would a lump sum gift to the guardian be appropriate?
Thanks.