Many people assume that once you have been married for decades that their marriage will last forever. More and more senior citizens are going through divorces, however, and this can lead to financial trauma for them. The impact of splitting finances is much more difficult to overcome for older individuals than it is for younger people.
Estate planning is crucial for new parents
Planning for your child's future is likely a priority. While you are getting things all set, make sure you plan for what will happen with them if you pass away. It isn't pleasant to think about this, but failing to plan can be devastating to your children.
