Financial Planning for Single Parents
We understand the precarious position of single parenthood. We appreciate their need for a trusted adviser who could primarily take care of their / children or dependents wellbeing. We help them prioritize their needs, protect and safeguard their assets, wealth and draw out a cool proof financial plan that would ensure total peace of mind.
Single Parenthood is defined as one or more children dependent on one parent. Cause of single-parent family structure may be that the other parent could have passed away, been divorced, or abandoned the family. Today we see all sorts of single parent families, headed by mothers or fathers or by a grandparent raising their grandchildren.
Life in a single parent household is quite stressful for the adult and the children. Single parents have loads of responsibilities. Not only do they act as the sole provider of care a demotional support, but they may also be the only financial provider for their children. Single parent needs to multitask all the time to create a balance that meets both the emotional and financial needs for
unforeseen events like losing a job or becoming ill or death or incapacitation can be more catastrophic for the dependants. The ultimate goal of any single parent is to achieve financial peace of mind that ensures a solid financial future for their children.
Personal Financial Management has its own priorities. This can range from securing and safeguarding the inheritance/settlements to identifying and appointing legal guardians for your minor children to writing wills to managing liabilities to redeploying money based on your goals.
As a single parent, you know how difficult it can be to stay on top of everything. You also know by now that it is important to speak with a professional who can guide you through all your money matters.
Financial Services for Single Parent
- Planning for Contingencies
- Risk Management & Insurance Planning
- Financial Needs & Goals Planning
- Wealth Management
- Debt Management
- Tax Planning
- Retirement Planning
- Succession (Estate) Planning