5 Things Every New Parent Needs to Know About Wills

1. A Will Isn’t Just About Money — It’s About Guardianship

For parents, the most important part of a will is often naming a guardian for your child. This ensures that if something happens to both parents, someone you trust will raise your child according to your values. Without a will, the court decides — and that may not reflect your wishes.

2. You Can Protect Your Child’s Inheritance

Minor children cannot legally inherit assets directly. Your will can create a trust to manage money for their benefit until they reach an age you choose. You’ll also name a trustee to oversee the funds responsibly — helping with education, healthcare, or other needs.

3. Your Will Should Coordinate with Other Documents

Your will is only one part of a complete estate plan. Consider adding powers of attorney, a living will, and beneficiary designations for life insurance or retirement accounts. These ensure your financial and medical wishes are carried out if you’re unable to act.

4. Update Your Plan as Your Family Grows

Life changes fast — new children, a move, or even a new job can all affect your estate plan. Review your will regularly (at least every 2–3 years) or whenever there’s a major life event. Keeping your documents current ensures your plan always reflects your family’s needs.

5. Don’t Rely on Online Templates Alone

Online will forms might seem convenient, but they can leave out state-specific legal requirements or complex family issues. Working with an estate planning attorney ensures your plan is valid, enforceable, and tailored to your circumstances — giving you peace of mind.

Final Thought

Creating a will is one of the most meaningful gifts you can give your child — the gift of security, stability, and protection. It’s not about wealth, it’s about care.

Start early, plan wisely, and keep your loved ones protected.