Single Parents Have a Lot on Their Plate | Estate Planning Shouldn’t Be One of Them
As a single parent, you probably have many tasks to check off your list each day. While estate planning for single parents is a crucial step, it doesn’t need to be another stressor in your life.
Working with a qualified Ann Arbor estate planning attorney, like the team at The TGQ Law Firm can make estate planning for single parents a breeze. You can feel confident that your children, health, and assets will be in the best hands should you become unable to make decisions about them.
Do Not Let the State Decide Who Raises Your Children and How Your Assets Are Distributed
What would happen to your children and your assets if you were to pass away?
If you die without a will, the state will decide who gains custody of your children. The court may pass custody to another family member it believes will protect your children’s interests. Unfortunately, if you do not have family members who are fit for the job, your children may enter foster care.
Creating a will or trust can allow you to dictate who will receive custody of your children after you pass, be it a family member, a friend, or another trusted adult in your kids’ lives. Your will or trust can also state who will receive your assets and property after your death, allowing you to designate assets for your children’s care and upbringing.