I recommend that you both execute a will and name your son's Godmother as the Guardian. This will enable the Godmother to have priority to petition for Guardianship of your son following your deaths.
Guardianship can be assigned and either a will, or any other testamentary document. I would recommend that you contact a local estate planning attorney who can prepare an appropriate document noting your wish to name a guardian should something happen to you.
This is very straightforward and should not be an expensive document.
Of course m, ideally these documents are never used but it is important to ensure they are correct if they are needed. I do strongly recommend you contact a local attorney, because DIY forms are never preferable from my experience.
If you are going to take the time to have a Last Will prepared and name a guardian, there are a few other things that you should do. Name at least two backup guardians just in case something happens to your son’s godmother (accident, illness, or death). If your son’s godmother is married, you should make it clear whether her husband is a backup guardian or not.
You should also discuss a living trust with the attorney. A trust will protect you son and whatever assets you leave for him much better than a simple will. Make sure you work with an estate planning attorney who can explain all of the benefits of a trust and all the options you have with a will.
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