<prompt> Human: My wife and I welcomed a new son over the weekend and it got me thinking about what I need to changeadd in terms of financial health. x200B;Wife and I both and have well established professional careers. Both of us max out our 401ks each year and have around 400k saved in retirement accounts. Save 3k a month to a brokerage account. I have a 2M term life policy, my wife is in the process of getting a 2M term life policy.x200B;I know I need to get a will, but what else is important to consider?I have heard about trusts, college savings plans, etc. but there seems to be some overlap and I am not sure where to start. x200B;TIA!  <response>: Start looking for a preschool. The good ones usually have one to two year waiting lists. 