Estate planning is often associated with married couples and those who are wealthy. However, single parents who are solely responsible for their children’s well-being should also prioritize estate planning. As a parent, you likely care deeply about your child’s future. Estate planning is a phenomenal way to proactively plan for the future and the various unknowns that come with it. To get the process started, contact an estate planning attorney. As your legal representative, they will ensure that you utilize the estate planning tools that are most beneficial to your situation.
Setting Up Guardianship of Minor Children
For single parents, one of the most critical aspects of estate planning is determining who will care for their minor children in the event of their untimely death or incapacity. By designating a guardian in their estate plan, single parents can ensure that their children will be cared for by someone they trust and who shares their values and beliefs.