Schmidlkofer , Toth , Loeb & Drosen, LLC
  • Home
  • About
    • Our Firm
    • David J. Behm
    • J. Greer Black
    • Christopher M. Drosen
    • Grete A. Engel
    • Basil M. Loeb
    • Scott A. Schmidlkofer
    • Mark R. Toth
  • Areas of Practice
    • Business Law And Collections
    • Civil Litigation
    • Criminal Defense
    • Estate Planning
    • Family Law
    • Mediation & Collaborative Divorce
    • Personal Injury
    • Real Estate Law
  • Blog
  • Contact

Schedule Your Free Consultation
414-250-8548

414-250-8548
Schmidlkofer , Toth , Loeb & Drosen, LLC
  • Home
  • About
    • Our Firm
    • David J. Behm
    • J. Greer Black
    • Christopher M. Drosen
    • Grete A. Engel
    • Basil M. Loeb
    • Scott A. Schmidlkofer
    • Mark R. Toth
  • Areas of Practice
    • Business Law And Collections
    • Civil Litigation
    • Criminal Defense
    • Estate Planning
    • Family Law
    • Mediation & Collaborative Divorce
    • Personal Injury
    • Real Estate Law
  • Blog
  • Contact
  • Home
  • About
    • Our Firm
    • David J. Behm
    • J. Greer Black
    • Christopher M. Drosen
    • Grete A. Engel
    • Basil M. Loeb
    • Scott A. Schmidlkofer
    • Mark R. Toth
  • Areas of Practice
    • Business Law And Collections
    • Civil Litigation
    • Criminal Defense
    • Estate Planning
    • Family Law
    • Mediation & Collaborative Divorce
    • Personal Injury
    • Real Estate Law
  • Blog
  • Contact
Email

CALL

Schmidlkofer , Toth , Loeb & Drosen, LLC

Helping You Overcome Life’s Most Difficult Legal Challenges

  1. Home
  2.  – 
  3. Wills
  4.  – 
  5. Why do new parents need an estate plan?

Why do new parents need an estate plan?

On Behalf of Schmidlkofer, Toth, Loeb & Drosen, LLC | Sep 13, 2022 | Wills |

Just had a new child? Don’t yet have an estate plan? Then creating one is more urgent than ever.

Here is why you need to focus on paperwork for a moment rather than your baby:

Your child needs to be able to survive without you

We don’t all get to die at a ripe old age. Sometimes death takes people away too young. What would happen to your child if you, as parents, were to die prematurely? Who would raise them? Who would fund their upbringing?

You need to name a guardian and think about how to make your assets available to help them rear your child should the need occur. Ask the person, then write it into your estate plan. If you do not, the decision on who to appoint will be left to a court, and they might not make the same choice as you.

Add your child to your will

You may as well get this done now, as it is easy to forget to update wills. As you gain more children or assets throughout your life, you should review your estate plan to account for this. If you don’t, it will delay the distribution of your estate, as a probate court will need to sort things out. It can also cause problems between family members if one child feels they have not got their fair share.

Making an estate plan can seem like an overwhelming prospect, which is why so many people put it off. Yet, as the parent of a newborn, you must get one in place. Get legal help to make it easier.

← Previous Next →

Recent Posts

  • What if your co-parent keeps violating placement orders?
  • When can police officers search a vehicle during a stop?
  • Understanding custody and placement in Wisconsin divorces
  • 3 adjustments to make to an estate plan
  • Disinheriting an addicted adult child isn’t the only option

Archives

Categories

  • Bankruptcy
  • Business Law
  • Car Accidents
  • Criminal Defense
  • Divorce
  • DUI Questions
  • Estate Planning
  • Family Law
  • Firm News
  • Real Estate
  • Trusts
  • Uncategorized
  • Wills

RSS Feed

Subscribe To This Blog’s Feed

Schmidlkofer , Toth , Loeb & Drosen, LLC

Contact Us

Call

414-250-8548

Address

949 Glenview Ave
Wauwatosa, WI 53213

Wauwatosa Office

Social Media

  • Follow
  • Follow
  • Follow
Review Us
Shepherd Express | Best of Milwaukee 2021 Winner

© 2025 Schmidlkofer, Toth, Loeb & Drosen, LLC • All Rights Reserved

Disclaimer | Site Map | Privacy Policy | Business Development Solutions by FindLaw

How Can We Help You?

© 2025 Schmidlkofer, Toth, Loeb & Drosen, LLC • All Rights Reserved

Disclaimer | Site Map | Privacy Policy | Business Development Solutions by FindLaw