October 06, 2022
One of the areas that Financial Connections specializes in is planning for single and non-traditional couples. While we don’t consider childfree couples non-traditional, financial planning curriculum usually assumes children.
Pew Research asked why childless adults didn’t want kids? The majority, 56%, said they just don’t want to.
In the financial planning world, for instance, special attention needs to be paid to setting up your estate. After your spouse, who do you want to administer the estate, authorize durable power of attorney for finances and health? This area frequently has children named.
Our experience shows that many childless couples have other relatives or a close group of friends that work together in circumstances that we regularly we see children play a role.