Life Planning Checklist: Having a Child

Published: Jan 9, 2020
Mother and baby lying on a bed.


Welcoming a new human to the world, or your family, is one of life's most exciting and awe-inspiring experiences. It can also come with a fair amount of stress that you need to get everything right. Let LifePlan advisors help you get your child and family started on the right financial and legal footing and take some of that stress off your full plate.

Sometimes knowing what to ask is as hard as knowing the answers. Use this list as a jumping off point to start planning for your child's future. 

We’ve organized this list by LifePlan offering, so you’ll know exactly which appointment to schedule for questions you could use some professional help answering.


Talk with a financial advisor aboutPiggy bank, icon

How to best manage the upfront costs of having a child

Budgeting for unpaid time off from work

College savings account options

Starting an emergency fund for unexpected costs.

New recurring costs you'll need to build into your budget

How to add your child as a 401k or IRA beneficiary


Schedule a financial advice session.

Ask an independent attorney* about Legal court building, icon

The Family and Medical Leave Act

How to determine the leave and pay you're entitled to

legal requirements of workplace accommodations for those who breastfeed?

Your legal rights when it comes to taking time off work to care for your child or attend child related activities

Changing your estate plan (or making one) in light of the newest addition to your family


Schedule a legal advice session.

Discuss with a tax professional* Tax paperwork, icon

Adding a dependent exception to your tax filing to save you money

Child tax credits and whether you qualify

Your deduction strategies and any updates you should make


Schedule a tax advice session.

Get an insurance professional's* take  on Illustration of an umbrella

The pros and cons of getting an insurance policy for your child

New home and auto insurance options


Schedule an insurance advice session.


Need help?

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*DISCLAIMER: Legal advice is provided by an independent network of attorneys. Tax advice is provided by 1-800Accountant, insurance advice is provided by Mylo, our trusted service partners.