How Life Insurance Works After Divorce
Protecting Your Children
One of the biggest challenges of divorce is that it frequently turns people into single parents. Sadly, many parents find they cannot rely on their ex-spouses after they end the marriage, financially or otherwise. Divorced people in these sorts of situations become solely responsible for the care and upbringing of their children. When this happens, it is important to have an emergency plan in place.
With your ex-spouse no longer in the picture and your children relying solely on you for financial support, if you die, they have nothing. Without your income, your children have no way to feed or clothe themselves, much less save for college. A guardian, either a relative or someone appointed by the state, will assume the care of your children, but there are still many unknown factors in this situation. The best option is to contact an experienced estate planning attorney you can trust. Taroff & Taitz, LLP’s expert estate planning attorneys are here for you in this emotionally and financially stressful time. We understand the issues associated with raising a child on your own and are here to give you the legal guidance and support you need. Contact us today to secure the future for your loved ones.