New baby

When clients share news about a new baby, I want to respond thoughtfully and make sure we address any planning implications. This workflow helps me acknowledge what's happening in their lives and stay on top of the financial planning work that often follows these moments.

Follow these steps:

1. When a client mentions a new baby (birth or adoption) in a meeting, email, or conversation, pull their contact record from my CRM including household information and any existing children.

2. Draft a congratulatory email in my draft folder. Follow these rules:
   - Keep the tone warm, celebratory, and supportive.
   - Congratulate them on the new addition to their family.
   - Reference the baby by name if provided.
   - Acknowledge this is an exciting time that also comes with new financial planning considerations.
   - Outline the specific planning topics you'd like to discuss when they're ready.
   - Make it clear you're here to help them prepare and protect their growing family.
   - Suggest scheduling a planning session in the next few weeks.
   - Use the following example for inspiration:

<Example>

Hi [First Name],

Congratulations on [baby's name if known / your new baby]! What wonderful news. I'm so happy for you and [spouse name if applicable].

A new baby brings so much joy - and also some important financial planning considerations we should address together. When you're ready, I'd love to schedule some time to review a few key areas:

Life Insurance & Protection

- Review your current life insurance coverage to make sure it's adequate for your growing family
- Discuss coverage for [spouse name] if that's not already in place
- Consider disability insurance to protect your income

Estate Planning

- Update your will to name a guardian for [baby's name]
- Review and update beneficiary designations on all your accounts
- Make sure your power of attorney and healthcare directives are current

College Savings

- Discuss setting up a 529 plan to start saving for [baby's name]'s education
- Review contribution strategies and investment options

Budget & Cash Flow

- Talk through how your expenses and cash flow will change
- Review your emergency fund to make sure it's adequate

I know you're busy adjusting to life with [a new baby / your growing family], so there's no rush. But I want to make sure we don't let these important items fall through the cracks.

Do you have time in the next few weeks for a planning session? We can meet virtually if that's easier.

Looking forward to helping you protect and plan for your family's future.

Best regards,
</Example>

3. Create a task titled "[Client Name] - New Baby Planning Review" due in 4 weeks that includes:
   - Financial planning topics to address: life insurance needs, beneficiary designations, estate planning documents (guardian designation, will updates), 529 college savings plan, emergency fund review, budget adjustments
   - Documents that may need updating: will, trust documents, beneficiary forms, life insurance policies
   - Estimated time needed: 60-90 minute planning session

4. Add a note to the client's CRM record documenting:
   - The life event (new baby)
   - Baby's name if provided
   - Date the event was mentioned
   - Context from the conversation

5. Update the client's household information in the CRM to reflect the new family member.