What is a potential issue if Ram and Leela do not update their wills after having a child?

Updating wills after the birth of a child is critical for ensuring that the new child's needs are adequately addressed within the estate plan. When Ram and Leela do not update their wills to include their new child, Laxmi, they run the risk that the existing provisions may not account for her interests and needs.

Provincial laws generally provide certain protections for children, but these laws can vary significantly by jurisdiction. In some cases, the default provisions under the law may not provide sufficient support or inheritance rights for Laxmi compared to what her parents might have intended. For example, assets might not be allocated to her in the same manner or might exclude her altogether if the will does not explicitly include her. Updating the will would ensure that Laxmi is specifically named and that her share of the estate is clearly defined, aligning with Ram and Leela's wishes.

By not updating their wills, they not only fail to include Laxmi but may also inadvertently create complications around her rights to inherit, leaving her potentially exposed to inadequate protection under existing provincial laws. This situation emphasizes the importance of regularly reviewing and revising wills, particularly after significant life changes like the birth of a child.