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Getting a will is important for new parents

Wills are very important estate planning documents. They allow people to leave assets for their loved ones, and ensure proper instructions are given, should the person pass away unexpectedly. More important than helping to divide assets, wills can help new parents ensure their children will be taken care of should they pass away unexpectedly before their children become adults.

A will can help establish who will become the guardian of children should their parents die. This can be one of the most important decisions a new parent has to make, but putting this decision in a will is often overlooked. Many parents turn their focus directly to their new child and forget about the importance of estate planning.

Estate planning can help a family sit down and discuss their wishes. When making a decision as important as who could take care of your child, it is important that the person you choose is included in the discussion. Once you decide who might be a good fit, it is important to ask them seriously if they are capable and willing to take care of the child if they need to someday.

An experienced estate planning attorney can help a person set up their will and make sure their wishes are addressed. While it isn't always easy to discuss not being around for your loved ones, it is important to have a plan in place to deal with unexpected events.

Source: nwi.com, "ESTATE PLANNING: New parents need a will," Christopher W. Yugo, Jan. 5, 2013

-Our law firm handles wills and other estate planning matters. Please visit our website to learn more.

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