When Children Arrive: Preparing for the Unexpected

In this episode, we explore the financial and legal steps essential for starting or expanding a family. From naming guardians to establishing education funds and creating a solid estate plan, we discuss the key strategies for protecting your family’s future.Our conversation is guided by Stacy Singer, the National Practice Leader for Trust and Wealth Advisory Services at Northern Trust, who combines her professional expertise with personal experience as a parent of two adopted children. Together, we look at how thoughtful planning can provide security, stability, and a strong foundation for generations to come.In this episode, you will learn:(02:00) Essential steps to prepare for the arrival of a child(07:32) Strategies for estate planning(14:02) Considerations for nontraditional families(23:06) How to provide ongoing support for adult childrenWant to continue the conversation?More on Northern Trust’s Secrets of Enterprising FamiliesMore on Stacy SingerReach out to your Northern Trust advisor Remember to subscribe to Secrets of Enterprising Families to stay connected as we dive deeper into the strategies that empower families to manage wealth across generations. Don’t miss our next episode, where we’ll explore creating a wealth plan.