Fathers often assume estate planning is something to think about "later" — after the kids are grown, after retirement, after some other milestone. But waiting can leave your family without the protection they need. ## Naming a Guardian If you have minor children, one of the most important things a will can do is name a guardian to care for them if something happens to you and their other parent. Without this designation, a New York court will decide who raises your children. ## Protecting Assets for Your Children A will or trust allows you to control how and when your children receive an inheritance, rather than receiving a lump sum outright at age 18. ## Life Insurance and Beneficiary Designations Many fathers carry life insurance to protect their families financially. It's important to review beneficiary designations regularly, especially after major life events like remarriage or the birth of additional children. ## Powers of Attorney and Health Care Proxies Estate planning isn't only about what happens after death — it also covers incapacity. A power of attorney and health care proxy ensure that someone you trust can step in and make decisions on your behalf if you become unable to. ## Make the Time Setting up an estate plan typically takes just a few meetings. Given what's at stake for your family, it's worth prioritizing.