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Krystal what you want to make is a Will, in which you name someone to serve as the guardian for your children in the event of your death. Yes you should get a piece of paper and write down your wishes and SING in front of TWO WITNESSES !!! Those two witnesses have to sign your will as well and that will legalize the document.
Often especially among young couples a will seems to be “old peoples” business; to take care of their properties and assets distribution. Who get’s what after their death. When young couples don’t own anything yet a will seems unnecessary, but once you have a child a will and a life insurance is a MUST. I am sure that your child is the most important thing in your life so it’s important to protect your children. Often for parents is hard to decide whom to choose to be the guardian of your child and that’s the reason they don’t make a will.

Take time to carefully consider who will be your kids guardian. For example: if you like your sister but you’re not comfortable with your brother-in-law then name your sister as guardian, not both of them. In case they ever get divorced you know for sure that your kids will be with your sister. Consider the age and the health of the guardian to be too. Sometimes it great to have a back-up person just in case something would happen with the first guardian. Choose someone who has kind of same values and would raise your kid the way you would. In some instances one individual may be great with the kids but they may not be responsible with money, then you can choose a different person who will be the trustee for your kids money.

Whatever you decide write it down on a piece of paper and SIGN it. It’s important to sign in front of two people. Hope i was able to answer your question. If you still have any concerns or more questions feel free to ask.