Expecting Soon? 3 Essential Legal Steps for Soon-to-Be Moms and Dads

Preparing for a baby can be exciting, but it’s easy to get overwhelmed with everything from setting up the nursery to packing your hospital bag. While these tasks are important, so is taking a moment to think about securing your family’s future.

As a mompreneur, lawyer, business owner, and professor, I understand firsthand how crucial it is to protect your growing family with the right legal steps before your baby arrives. Below are three essential steps you should take to ensure your family is fully protected:

1. Update Your Estate Plan

Updating your estate plan before your baby is born ensures that your will, trusts, and financial plans reflect your growing family. This step helps avoid confusion and ensures your assets go exactly where they’re needed.

Tip: Don’t forget to include any new life insurance policies and assign a guardian in your will to provide for your child’s care in the event something happens to you.

2. Establish Guardianship

No one wants to think about worst-case scenarios, but it’s important to plan ahead. Establishing guardianship allows you to legally designate someone who will care for your child if you are unable to. It’s one of the most important steps in ensuring their well-being is safeguarded.

Tip: Have a conversation with your chosen guardian ahead of time to ensure they are ready to take on this role.

3. Review Beneficiary Designations

As life changes, so should your financial documents. Make sure your beneficiary designations on life insurance policies, retirement accounts, and other financial assets are up to date and include your new child if appropriate.

Tip: Review these documents annually to ensure they reflect your current wishes.

Why Take These Steps Now?

Before the baby arrives is the best time to tackle these legal matters. By getting everything in place now, you’re freeing yourself to focus on bonding with your little one and making the most of this special time. These proactive steps help protect your family, no matter what the future holds, and give you peace of mind.

If you're not sure where to start, reach out. I’m here to help guide you through the process of securing your family’s future.

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