5 Things Every New Parent Should Know About Wills

5 Things Every New Parent Should Know About Wills

Bringing a new baby into the world changes everything—your priorities, your sleep schedule, and the way you think about the future. Amid the joy and excitement, it’s natural to start wondering how to best protect your child, no matter what life brings.

While legal planning might not be the first thing on your mind during those early days, creating a will (and other estate planning documents) is one of the most loving and responsible things you can do for your family. Here are five essential things every new parent should know about wills.

Naming a Guardian Is One of the Most Important Decisions You’ll Make

If something were to happen to you while your child is still a minor, who would raise them? It’s a question no parent wants to face—but it’s one of the most important reasons to have a will. Without one, the court will decide who becomes your child’s guardian, often without knowing your wishes or family dynamics. By naming a guardian in your will, you can ensure that someone you trust—someone who shares your values—will care for your child. The judge will strongly consider your nomination when determining what’s in your child’s best interests.

Choose an Executor You Trust

An executor (also known as a personal representative) is the person you appoint to carry out the instructions in your will. They’ll manage everything from paying bills to making sure your child receives what you’ve set aside for them.

This role requires someone dependable, organized, and capable of handling financial and legal details during an emotional time. You can choose a family member, a close friend, or even a professional. Without a will, the law determines who fills this role—and it may not be the person you would’ve chosen.

Beneficiary Designations Override Your Will

Many parents are surprised to learn that the beneficiaries listed on bank accounts, life insurance, and retirement plans take precedence over what’s written in your will.

For example, if your will names your child as the primary beneficiary but your life insurance policy still lists a parent or sibling, the insurance company must honor the designation on file. That’s why it’s essential to review your beneficiary designations with both your financial advisor and attorney to ensure everything aligns with your estate plan.

A Will Alone Might Not Be Enough

A will is a great foundation, but it’s not always the right tool for every goal—especially when you have young children. If you leave money or property directly to a minor, the court must appoint someone to manage it until your child turns 18 or 21. Most young adults aren’t prepared to handle a full inheritance at that age.

A testamentary trust within your will can help by setting rules for how and when your child receives their inheritance—but it still goes through probate, which means the process (and the details) become public record.

For many young families, a revocable living trust is a better fit. It takes effect immediately, avoids probate, and allows you to set clear, private instructions for your child’s financial future. Your estate planning attorney can help determine which approach best fits your family’s needs.

Without Clear Instructions, the State Decides for You

Think of your estate plan as your family’s guidebook—your voice when you’re not there to speak for yourself. Without it, the state’s default laws take over, often in ways that don’t reflect your wishes. Having a legally sound estate plan ensures that your child’s future is shaped by your choices, not the court’s.

Protecting What Matters Most

Your baby depends on you for everything—love, care, and security. Creating a will or trust ensures that protection continues, no matter what the future holds.

At Reynolds Law Group, PLLC, we help new parents build estate plans that provide peace of mind and long-term protection for their families. Whether you’re welcoming your first child or growing your family, our team is here to help you plan wisely for every stage of life.

Schedule a consultation today to start building a plan that keeps your little one safe and your wishes honored.