This is the hard stuff… what provisions have you made for the kids if one or both of you die? It’s a horrible thing to contemplate, but you have to make sure you have discussed and agreed on a plan. Parents should have a Will, detailing their financial and practical wishes for the children – this is especially important if you feel strongly about who you would like to become your childrens’ guardian, and even more so if it’s not an obvious family member. The State will normally approach the nearest relative first.
To be legally safe and secure you should plan your Will with a solicitor, and they may hold a copy for you (which you need to tell people!). You could also send a copy to the Executors or family members. If possible it’s good to discuss your wishes widely, so that there is no confusion if the worst should happen. If one parent dies, you can also stipulate what happens if the re-marry, e.g. do you want your ‘half’ of a shared home to be given directly to the children?
A Will may also contain a ‘Letter of Wishes’ which can detail your preferences e.g. to keep the kids in the same school, to keep up a birthday tradition, any mementoes you would like hand down.