Having children is one of the greatest rewards in life but it also comes with many responsibilities. One of those responsibilities is completing an estate plan. Young couples don’t need elaborate estate plans but they should think about the following items when working on their estate plans: 1. Write a Will (including providing for guardians for young children); 2. Life Insurance; 3. Writing Durable Powers of Attorney; 4. Designating Contingent Beneficiaries of Retirement Accounts.