April 18, 2014

Expectant Parents: Financial and Legal Tips

Last fall my husband and I welcomed our first child, Jack, to our family. Jack is not only our first child, but he is the first grandchild and first nephew on both sides of the family. You can only imagine how much attention (and love) he gets from our families! 

Similar to other new parents, my husband and I were a bit overwhelmed with all of the things we needed (or wanted) to do to prepare for his arrival including, getting the nursery ready, shopping for baby clothes and other baby essentials, reading parenting books and attending classes, and getting our financial and legal house in order. As you can imagine, getting our financial and legal house in order was not at the top of our "to do" list. Not because it was not of the utmost importance, but because it was not nearly as enjoyable as some of the other items, like shopping for cute baby clothes. Despite this, prior to Jack's arrival we updated our estate planning documents to include, among other things, the nomination of a guardian and conservator for him in the event that my husband and I were unable to care for him. We also met with our financial advisor to put a financial plan in place. There are so many things to do to prepare for the arrival of a child, but getting your financial and legal house in order is essential.

The below link is to an article by Tara Siegel Bernard entitled "For Parents-to-Be, a Few Financial and Legal Tips," published in the New York Times on March 8, 2013.  This article provides a nice outline of some of the important financial and legal considerations prior to becoming a parent.  I hope that you will find Tara's tips as useful as I did!

For Parents-to-Be, A Few Financial and Legal Tips by Tara Siegel Bernard

© 2014 Varnum LLP

About the Author

Laura E. Radle, Varnum Law Firm, Real Estate Attorney

Laura is an associate in the estate planning group with an emphasis on cottage succession planning, and estate and trust administration. Laura is licensed to practice estate planning law in both Michigan and Florida.


Boost: AJAX core statistics

Legal Disclaimer

You are responsible for reading, understanding and agreeing to the National Law Review's (NLR’s) and the National Law Forum LLC's  Terms of Use and Privacy Policy before using the National Law Review website. The National Law Review is a free to use, no-log in database of legal and business articles. The content and links on are intended for general information purposes only. Any legal analysis, legislative updates or other content and links should not be construed as legal or professional advice or a substitute for such advice. No attorney-client or confidential relationship is formed by the transmission of information between you and the National Law Review website or any of the law firms, attorneys or other professionals or organizations who include content on the National Law Review website. If you require legal or professional advice, kindly contact an attorney or other suitable professional advisor.  

Some states have laws and ethical rules regarding solicitation and advertisement practices by attorneys and/or other professionals. The National Law Review is not a law firm nor is  intended to be  a referral service for attorneys and/or other professionals. The NLR does not wish, nor does it intend, to solicit the business of anyone or to refer anyone to an attorney or other professional.  NLR does not answer legal questions nor will we refer you to an attorney or other professional if you request such information from us. 

Under certain state laws the following statements may be required on this website and we have included them in order to be in full compliance with these rules. The choice of a lawyer or other professional is an important decision and should not be based solely upon advertisements. Attorney Advertising Notice: Prior results do not guarantee a similar outcome. Statement in compliance with Texas Rules of Professional Conduct. Unless otherwise noted, attorneys are not certified by the Texas Board of Legal Specialization, nor can NLR attest to the accuracy of any notation of Legal Specialization or other Professional Credentials.

The National Law Review - National Law Forum LLC 4700 Gilbert Ave. Suite 47 #230 Western Springs, IL 60558  Telephone  (708) 357-3317 If you would ike to contact us via email please click here.