Life’s Financial Journeys
Advance directive documents express your wishes regarding financial and healthcare decisions in the event that you are unable to make the decision yourself, such as by being in a coma or otherwise incapable of rational decision-making.
Becoming a parent may also have affected your view on certain medical or financial preferences. Therefore, even if you already have these documents, a review may be in order.
The following resources may assist you in understanding how to 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