You might be emotionally ready to have a child, but are you financially ready? Today,…
06/08/2013 | read more »
One important subject that should be discussed by prospective parenting partners early on is how each will contribute financially to their “modern family”. However, while parenting partners will undoubtedly want to ensure the financial well-being of their child or children, they are likely to face financial and estate planning issues that are more complex than those of married couples. Additionally, the opportunities for financial planning around your children will vary based on the financial means of the parenting partners.
In any case, financial and estate planning should begin as early as possible – even before your child is born. In our “Financial Information” section, we lay out some best practices for parenting partners to consider. Whether you’ve already built up a tidy nest egg, or you’re just now putting your financial house in order, we’ll provide information that will help you to address your child’s financial future today to the best of your abilities as parenting partners.