Estate planning for single parents

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Monday, February 6, 2017 – Bob Leins welcomes Marc Levine, Esquire, with Handler & Levine, LLC to the studio to talk about his newsletter entitled Estate Planning for Single Parents.

 The single parent “population” is growing in America, with the U.S. Census Bureau showing about 12 million single parent families in 2015.  What are some of the most common estate planning issues facing single parents?  How can your wishes for your children be guaranteed after death?

We will discuss some steps that a single parent must take to plan for his/her children:

Planning for disability

  • Choosing legal and financial caretakers for yourself
  • Needed documents such as power of attorney, health care advance directive and temporary guardianship

Planning for death

  • Needed documents such as Last Will and Testament, revocable living trust and beneficiary designation forms
  • Guardians and trustees for children
  • Making a plan for where the money goes (or does not go)
  • Planning for how assets and children will be impacted by loss of a parent

For questions or comments, email us in advance at ForYourBenefit@nitpinc.com or call 202-465-3080 this coming Monday.  Program begins at 10:05 ET and questions are accepted between 10:20 AM and 10:55 AM.