Print this Page

Update your wills


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


One of the most important functions a will can serve for parents is in allowing parents to specify their preferences for a guardian for minor children. Wills can also specify exactly which assets will pass on to children, and how this process will happen.

The following resources may assist you in updating your wills:

Estate Planning Basics

Wills: The Basics

How To Write a Will

What a Will Won’t Do

Tips for Finding an Estate Planning 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/update-your-will/