I think ths song its about life and death, "u were a child , making ur momma so proud ! then u start to growing up "We like to watch you laughing,
You pick the insects off plants
No time to think of consequences = you don't think about what's going to happen you just enjoying ur days as a child.
Take only what you need from it = I think he means take only what life gaves you.
A family of trees wanted To be haunted = we going to die anyway and at the end of the day we only going to haunted our own family tree (like our great-grandparents. The memories fade
Like looking through a fogged mirror = life's is nothing, we all going to be forgotten and our memories will disapear and become fade.
Sorry I may have made some mistake in english, I speak french!