You may be young, carefree and single, and estate planning is probably the furthest thing from your mind. What happens, though, if you should suffer serious injury in a car crash or become disabled through a cycling accident?
As you approach retirement, your own future may not be the only thing on your mind. You also may be giving a lot of thought to your adult children’s future. There are certain worries you may have on this front, such as concerns over whether your kids will have the resources they need to accomplish their goals. This could include homeownership goals.
Many people will argue that buying a house is better than renting for a variety of reasons. However, home prices are rising fast. Obviously cost is a huge factor in purchasing a home, so the question is worth asking: Is it cheaper to buy a house or rent?
Even the most careful planners are bound to forget something when it comes to welcoming a new member of the family. There is simply too much that needs to be done. Of course new parents are going to overlook something.