EF codefirst : Should I initialize navigation properties?

I had seen some books(e.g programming entity framework code first Julia Lerman) define their domain classes (POCO) with no initialization of the navigation properties like:

public class User
{
    public int Id { get; set; }
    public string UserName { get; set; }

    public virtual ICollection<Address> Address { get; set; }
    public virtual License License { get; set; }
}

some other books or tools (e.g Entity Framework Power Tools) when generates POCOs initializes the navigation properties of the the class, like:

public class User
{
    public User()
    {
        this.Addresses = new IList<Address>();
        this.License = new License();
    }
    public int Id { get; set; }
    public string UserName { get; set; }

    public virtual ICollection<Address> Addresses { get; set; }
    public virtual License License { get; set; }
}

Q1: Which one is better? why? Pros and Cons?

Edit:

public class License
{
    public License()
    {
        this.User = new User();
    }
    public int Id { get; set; }
    public string Key { get; set; }
    public DateTime Expirtion { get; set; }

    public virtual User User { get; set; }
}

Q2: In second approach there would be stack overflow if the `License` class has a reference to `User` class too. It means we should have one-way reference.(?) How we should decide which one of the navigation properties should be removed?