Whether you are new to estate planning or have already created a plan, the general rule of thumb in estate planning is that you should at least update your plan whenever a major life event occurs. One of these events is when you learn you become pregnant. Both the pregnant woman and her partner should review any estate plans they have made as soon as learning of the pregnancy. Here are two reasons why.
Reason 1: You need to consider the unthinkable.
Though no one likes to think about it, your pregnancy could result in serious medical complications that would require someone else to care for your child. If you haven’t created an estate plan which nominates a guardian, it may be left to a court to determine who will take on parenting responsibilities.
Reason 2: You need to consider the child’s health.
If you’ve already created advance health care directive, you will definitely want to review it and update it, as needed, to reflect your new status as a pregnant woman.
Pregnancy is often a life changing event full of hope and expectation. Peace of mind can be achieved for pregnant woman and their partners by knowing that legal documents are in place just in case. Speak with an experienced and qualified estate planning attorney to determine if you are well prepared for pregnancy and birth of your child.