Even when you're young, childless, and don't have many assets, you need to do some basic estate planning. But estate planning takes on a new urgency when you become a parent. It's essential to spell out who you'd want to care for your children if you're gone and also to provide for their financial security.

Here are three estate-planning documents parents should consider. Ideally, you'd work with an experienced attorney to draft these documents. However, some legal websites allow you to use a do-it-yourself estate plan for a minimal cost. 

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Source Fool.com