Estate Planning
Estate Planning for the Single Parent
December 1, 2024
Single parents have a double duty: they serve as both the emotional and financial anchor for their children. That makes estate planning a critical — yet often overlooked — responsibility.
A single-parent plan should address guardianship, a trust that keeps assets out of a minor's hands until an appropriate age, life insurance that's actually large enough to fund those years, and a power of attorney so a trusted adult can act if the parent is temporarily incapacitated.
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