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2. Updating your estate plan

Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Divorce
Death of a Life Partner
Military Life


Updating your estate plan. “How should my estate be handled if I were to die?”

Becoming a parent makes it absolutely vital to have an appropriate estate plan in order to ensure that your personal wishes for health care and financial affairs are carried out if you are incapacitated or deceased. A proper estate framework will also help ensure that your legacy is passed on to your children as you deem fit.

The following subtasks may assist you in updating your estate plan. You will find detailed resources for these subtasks under the links in the right column of this page.

Subtask 1: Review and update how your assets are owned and your beneficiary designations

Subtask 2: Update your wills

Subtask 3: Review and update your advance directive documents


Having a Child Tasks

1. Protecting against risk
2. Updating your estate plan
3. Arranging child care
4. Revising your spending plan
5. Saving for your child’s education

Updating your estate plan Subtasks

1. Review and update how your assets are owned and your beneficiary designations
2. Update your wills
3. Review and update your advance directive documents

Permanent link to this article: http://napfafoundation.org/financial-help/having-a-child/2-adapting-your-estate-plan-to-reflect-the-responsibilities-of-parenthood/