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Congrats on Your New Baby! Now It’s Time for an Estate Plan

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If your family is like many, estate planning is among the most overdue items on your financial planning to-do list. After all, no one wants to contemplate the circumstances that would call for the use of these documents. But if you’ve recently had a baby and you don’t have an estate plan, it’s time to make one.

An estate plan is typically a series of legal documents developed with a qualified estate planning attorney. It outlines your wishes for disposition of your assets and responsibility for your dependents in the event of your death and is based on your state’s laws and probate system. Similar to life insurance, it’s not for you, but for your loved ones in case something happens...

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