Are you expecting a baby in the next nine months? You are probably overwhelmed planning the crib, baby's bedroom, name, wardrobe, and about a hundred other things. Your life is about to change and there are lots of details that you need to think about. Something that no one thinks about, that is very important, are legal and financial planning steps that need to be made before you have that baby. Lets be honest, however overwhelmed you are now, when that baby comes, it is going to be worse. You will not have an extra minute to shower, much less do any financial or legal planning. Here are just a few tips:
1. Living Will. This planning begins with the living will. As the mother of this child, if something should happen during birth, a living will outlines exactly what you want to happen in the event you cannot speak for yourself. Another option is a health care proxy which gives someone else the right to make medical decisions for you in the event that you cannot. It clearly states which medical treatments may be used and which may not be. By contrast, a health care proxy names the person whom you designate to make such decisions for you.
2. Last Will and Testament to Protect Baby. Having a legal will is important once you start a family. You can protect your own assets and pick someone to take care of your children if something happens," he says. Remember that a person must be over 18 to be a guardian and take care of your child. Wait until your child is born healthy before you decide who should be the godparents or legal guardian. Depending on your assets, you may want to create a trust that provides for college education and your child's future as well as name a trustee to dole out the money. By definition, a trust is a legal arrangement in which an individual gives control of property to a person or institution for the benefit of beneficiaries in this case, your offspring. For example, you can state 'I want my child to have XX amount of money by age 18 for education, then the rest by time he or she is 30. This way the guardian knows what to do with your money. If you don't have a lawyer, get a lawyer to do your living will before delivery and your regular will fairly quickly after the baby is born to protect your baby.
These two small steps can be crucial and allow you to start taking more responsibility for your growing family.
For more resources, check out Plan My Baby Review or check out the Family Friendly Fat Burning Meals Review
