At a time when new life is the focus of everyone’s attention, death is probably an unwelcomed topic of thought. Despite the macabre association many people have of this process, new parents should be thinking about their wills and planning for the future of their child.
If you already have a will, then you likely understand the importance and will make sure you take the time to update it with your baby in mind. However, many young parents do not recognize the need for this document.
What is a will and why is it important?
A will is a document that establishes how your assets get distributed following your death. If you have children, it is also your opportunity to name their guardians if something should happen to you before they become adults. Without a will to name your choice of guardian, there is no guarantee that your children will get placed with the person you deem most suitable.
How can you stay positive when discussing these matters?
Preparing for unforeseen circumstances is an important skill set, especially for parents. Creating a will is less about the expectation or anticipation of death, and more about establishing a safety net for your family. You are more than likely already performing preparatory tasks for other aspects of your life, like saving money for emergencies or eating healthy to prevent illness.
You can think of a will as another way you are making good choices now to create a better future for yourself and your loved ones.