Print this Page

Review and update your advance directive documents


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


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:

Understanding Advance Directives

Health Care Surrogate and Living Will

Powers of Attorney

Durable Financial Powers of Attorney

Living Wills and Medical Powers of Attorney


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/review-and-update-your-advance-directive-documents/