Parents of young children often avoid thinking about what could happen if a fatal accident or illness occurred while their children and family are depending on them. While no one intends for this to happen, parents who plan for this possibility can have the security of knowing their children and family are taken care of in the way they want. Making your wishes known may also help loved ones navigate difficult decisions in a time of crisis.

Estate planing for young families may include, naming a guardian to care for minor children, naming someone to administer the estate giving instructions for the distribution of assets, and naming someone to manage the inheritance for the children until they become adults. It will also include a review of insurance needs and planning for disability.