Dunlap & Seeger, P.A.
schedule a consultation 507-316-0628
We Know You
We work with local clients and clients throughout the country who are looking to continue to build a sense of community in Rochester.

Estate planning after welcoming a child is vital

Welcoming a child into a family changes life completely. Whether through birth or adoption, changing the family dynamic in such a way warrants important planning for the future. As a result, new parents in Minnesota may want to consider starting estate planning or updating their already-existing estate plans.

One major estate planning document that new parents may want to create or update is a will. Though a will is an important planning document for anyone, it is especially important for new parents because this is the document in which parents can name the person they want to act as the child's guardian in the event of the parents' incapacitation or demise. By making this appointment, parents can better ensure that a trusted person will take over the care of their child if needed.

It may also be smart for parents to consider buying life insurance. Having this insurance could ensure that at least some of the child's financial needs are covered in the event of one or both parents' passing. A life insurance payout could cover child care expenses or help a guardian meet the child's basic needs.

While these details are certainly important, new parents may also want to explore other ways that creating or updating their estate plans could help them address important possibilities and ensure the care of their children. If Minnesota parents have questions about the best way to address their children's needs, they may want to discuss this particular matter with experienced estate planning attorneys. Gaining reliable information could ensure that parents put their best foot forward when planning for their and their children's futures.

No Comments

Leave a comment
Comment Information

Contact Us Today Our lawyers listen carefully to your goals and concerns while helping you obtain the best results possible. Call 507-316-0628 or fill out the form to email our team.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Dunlap & Seeger, P.A.
30 3rd Street SE
Rochester, MN 55904

Toll Free: 800-636-2689
Phone: 507-316-0628
Fax: 507-288-9342
Rochester Law Office Map