Estate Plans For Expecting Parents

An expectant mother stands in a garden with her hands on her stomach

The importance of an estate plan cannot be overstated, and while younger people tend to think that they don't need an estate plan until they're older, the truth is, no matter how old someone is, every adult needs to have a legally enforceable estate plan in place. This is particularly important for parents and soon-to-be parents. In fact, experts recommend that expecting parents set up an estate plan before the due date. If you need help setting up your estate plan - regardless of your age - your membership in our Legal Protection Subscription Plans for Families & Individuals lets you get a legally enforceable estate plan - including a Last Will & Testament, advanced directive, and more - included with the cost of your membership. That's right: you can get these extremely important documents created for you at no additional charge when you sign up. Learn more about our Estate Planning Benefits and read on for more info about why it's important for new parents to have an estate plan.

It is crucial to have an estate plan in place before your child arrives, for a number of reasons. Having a will is critical, and it can protect you and your child in the event of an emergency.

For Medical Care

Every medical procedure comes with risks, and a medical directive can help you decide in advance in the event of incapacitation or if you are not able to do so yourself. Your advanced directive can detail important decisions if you are not able to voice those wishes yourself, including medical priorities, so that the healthcare professionals can do their job according to your expressed wishes.

For Your Child’s Future

In a worst-case scenario, it is comforting to know that you have made plans in advance for your child in case of unforeseen circumstances. You will be able to specify who will care for your child if you can't. If you should pass away or become unable to care for the child yourself without a Will in place, the courts will decide for you what is best for the child. Sometimes, that is not a person that you would choose yourself.

For Power of Attorney

Your Will can stipulate someone who is allowed to speak for you and make decisions on your behalf if you become unable to do so yourself. Designating a person in your Will to have Power of Attorney will allow you to have someone you trust making decisions on your behalf when it comes to legal matters, business matters, and regarding things that may not have been explicitly specified in your Will.

For Your Assets

A Will allows you to determine how your assets - property, bank accounts, stocks and investments, vehicles, and more - are distributed upon your passing. Your Will gives you the opportunity to designate people to care for your property until your child is old enough to inherit.

If you have questions about making your wishes legally binding, setting up an estate plan through our Legal Protection Subscription Plans for Individuals & Families is a great, cost-effective way to do that, giving you a legally enforceable Estate Plan document in as soon as 5 days, all for one low monthly cost, less than a dollar per day. Learn more about this essential benefit, or sign up today!