How do I protect my children financially?
Ways to protect your kids financially
Parenting is filled with a lot of planning and finding ways to protect your children along the way.
One thing you can do for your children is to make key financial decisions now with them in mind.
Here are some actions you can take to protect your kids financially.
- Name a guardian
- Obtain life insurance
- Update (or create) your will
- Obtain disability insurance
- Name beneficiaries on registered accounts
- Teach them financial literacy basics
- Save for their future
- Consider a trust
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