When you have a kid, everything else usually takes a back seat.
Sleep? Forget about it.
Free time? Never heard of it.
There's often no time for fun things like hobbies or other activities — which means that it can seem like there is definitely no time for un-fun things estate planning.
But what if something unexpected happens:
What happens to your child if you or your spouse suddenly die or become incapacitated?
Who takes care of your child's medical needs and daily care?
Who manages your assets until your child reaches adulthood?
You might think that the answer to these questions is obvious, but the law might not agree. And your own written notes or spoken instructions generally aren’t legally enforceable.
To address these sensitive questions, you should have an estate plan.
Why do I need an estate plan?
I have talked a lot about the importance of having an estate plan. That doesn't change when you have kids.
In fact, having children makes having an estate plan even more important.
