Question

What estate planning documents do I need before my baby arrives?

Answer

At a minimum, consider having a will with a named guardian, a durable power of attorney, a healthcare power of attorney, and a living will in place before your child arrives. Without a will that designates a guardian if you pass away, a court will make that determination. You may also want to consider whether a revocable living trust is appropriate for your situation to help manage assets during incapacity and streamline the transfer of assets after death. Consulting an estate planning attorney can help ensure your documents are legally sound and reflect your wishes.

About Mercer Advisors

We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.

Want to learn more about Mercer Advisors?