Birth Of A Child
Learn how having a baby affects your estate plan. Discover what documents to update, guardian selection, and trust options to protect your newborn's future.
How soon after having a baby should I update my estate plan?
Many parents update their estate plan within the first few months after their baby is born. The timing often depends on when you've decided on guardians and had time to consider your child's financial needs. Key updates typically include naming guardians in your will, adding your child as a beneficiary, and updating beneficiary designations on life insurance and retirement accounts. Some parents also create trusts at this time to manage assets for their child's benefit until they reach adulthood.
