If you are in a relationship that is still fairly new and you have been told that you are going to be a father, there are a lot of things that you want to discuss with the mother of the child, and with some other professionals as well. Your life is going to change in a lot of ways, and you want to be prepared legally and financially for the upcoming changes. Here is a list of things to have arranged before the baby is born, so there isn't any debate after:
Get a Lawyer
You have to get a lawyer, even if you and the mother of the child are getting along. You want to make sure that you will be there to sign the paperwork for the birth certificate, and that you will have rights to the child when it's born. Meet with a lawyer to see what type agreement they want to work out with the mother, what settlements and planning need arranged, and be prepared legally for the birth of the child.
Figure Out Insurance
Don't wait until the baby is born to figure out who has coverage for the baby. You want to see if you can add the baby to your policy, if the mother can add the child, or if you need to apply for a government-funded type of health insurance. Start contacting the necessary people so you can prepare in advance.
Inquire About Life Insurance
Something could kill you today, next week, or a few years after the child is born. You want to be sure that your child still has your monetary support, even if you aren't there to give it to them. Inquire about the different types of life insurance that are available, and what will be the best way to leave it to your child. You may decide to leave some for the mother, and then some in a trust to a child, or you can leave it to your parents or another responsible adult to give it to your child.
These are just some of the important factors that you'll have to take into consideration when you get the unexpected news that you are going to be a dad and that there is a baby on the way. Talk with the right financial and legal experts to prepare everything in advance, and eliminate chaos after the baby is born.
Check out a website like http://www.unitedsecurityagency.com for more information and assistance.Share