Estate Planning for Single Dads
Single fathers face unique estate planning challenges. However, proactive legal and financial planning ensures their children’s future security.
Single fathers face unique estate planning challenges. However, proactive legal and financial planning ensures their children’s future security.
It can be easy to overlook. However, an estate plan is essential for nearly everyone, whether you have a lot of money or just a little.
My trust can also ensure that if I die while my daughter is a minor, my money will meet her needs as she grows up.
When planning your estate, leave instructions for handling your online accounts, dat, and other electronic affairs.
Though generally not as trendy as hitting the gym or planning summer vacations, such estate planning assurances bring peace of mind and create legacies of thoughtfulness for our loved ones.
If you find yourself in the lucky position of either passing along your wealth to your heirs or receiving a wealth transfer from a relative, this is an exciting thing. However, it does come with some legal and financial concerns if not done well.
Managing and planning one’s estate sounds like a task reserved for the uber-rich. However, that’s a common, and potentially costly, misconception.
One of the major benefits of a living trust is that the trust assets bypass the probate process. In most states, this may mean savings in probate costs up to many thousands of dollars.
Estate planning isn’t about focusing on your demise; it’s about taking control and making decisions that ensure that your loved ones are cared for.
A power of attorney ensures that a trusted person can make decisions on your behalf, preventing the need for a court-appointed guardian.