Estate Planning and the Single Parent

Estate Planning is very important to single parent family members.

Single parents need:–

– A will or trust to transfer property to the kid or a trustee who'll take care of the trust for the child's benefit

– A durable vitality of attorney and a medical care power of attorney

– A living will

– A guardianship contract naming another guardian if for reasons unknown her first choice cannot or unwilling to provide as guardian including an affidavit aiming the reasons on her behalf selection of one guardian over another.

Single parents need to be rich to need these documents. Your estate may be bigger than you understand, if you obtain life insurance as you of your work benefits, funds within an IRA or other pension accounts, and a home you child or children would have significant assets. If you need any help regarding estate planning, you can also consult michigan estate planning attorney via

These two capabilities of attorney must be given as durable when submitted. Otherwise, they don't take impact once you were found the missing capacity to believe and respond for your well-being. A divorce ends both documents when the agent is also the partner.

Additionally, they would be eligible for Sociable Security survivor's benefits predicated on you work record. Check with an attorney experienced in these concerns to know what is most beneficial for your circumstances.

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