Single parents find themselves in a precarious position. If something happened to you, the future health, well-being, and financial stability of your child would be uncertain. That’s why taking the necessary steps to create an estate plan ranks among the most responsible thing you can do today. When you begin to imagine what your child’s…
The most well-known estate planning tool, a Last Will & Testament is a legal document which comes into play after you pass away. It outlines who will be given your money, your things, your home and/or other real property.
The Will outlines what happens with your body (burial, cremation). Most Wills also say something about guardianship for your minor children.
Finally, the document will also appoint a person to make sure all these things happen, they are usually called an Executor.