Secure Your New Baby's Future With Estate Planning
Guardianship Considerations
Choosing a guardian for your child is one of the most important decisions you will make in your estate plan. This person will be responsible for raising your child if you are no longer able to do so. It’s crucial to discuss this responsibility with potential guardians to ensure they are willing and able to take on this role. Legal documents should clearly state your choice to avoid any ambiguity3.
Health Care Directives and Power of Attorney
Estate planning isn’t just about financial matters; it also involves making decisions about your health care. A health care directive allows you to outline your preferences for medical treatment, while a power of attorney grants someone the authority to make decisions on your behalf if you are incapacitated. These documents ensure that your wishes are respected and can prevent unnecessary stress for your family during difficult times4.