CNN Money: A new baby? Write a will

A new baby? Write a will First-time parents should name a guardian and make their wishes clear Excerpts from CNN Money Article By Staff Writer Jennifer Karchmer You just returned home from the maternity ward with your first bundle of joy in your arms and the house is stocked with diapers and baby formula — now’s the time to sit down and draft a will. While the thought of writing a will and beginning estate planning may not be exactly what you are thinking about whent you bring home baby, its is very important for you and your spouse prepare for your child’s well being in all possible ways.  People today are living longer healthier lives, and are less likley to think about becoming ill or incapacitated.  Young couples tend to put of writing wills and estate planning because they are already overhelmed by the role of being new parents.  Who will watch over Your Child? If you pass away without a will - dying intestate - the state that you reside...