New Baby Planning- the one thing all new parents forget that could cost you the most.
Hospital Bag for the wife by the door? Check.
Power of Attorney, Patient Advocate, Estate Plan? Better call Andrew!
In planning for the arrival of the newest member of your family, parents often forget the vital documents that are needed to protect you and your growing tribe. A Patient Advocate Designation and a Power of Attorney completed by mom prior to going into labor are as important as the required pre-registration with the hospital. It provides a new mom and dad with peace of mind that should the need for medical decisions arise, the proper individuals are making those decisions.
New parents and grandparents often rush to establish 529 college savings accounts for the new bundle of joy but forget that a relatively inexpensive and comprehensive estate plan is vital to ensuring your family is protected and provided for.
As an experienced estate planner and soon to be first time dad (June is approaching fast for the growing Babnik family), it concerns me to see how few young families are prepared with these vital documents and how so few ever realize they are necessary. If you are a young couple expecting a new addition, have young children already, or know of friends or family members that may fall into these categories, please contact Andrew Babnik, Jr. at Kelly & Kelly, P.C. to learn more about how a properly crafted estate plan is as vital as stocking up on diapers and preparing the nursey!