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TSingle parents today live in a world of insecurity. A few decades ago, a young widow or a divorcee wouldn’t find the society very forthcoming to support if she wished to marry but today that’s not the case. Divorces are happening all around us, and people are tying the knot for the second time hoping to the right the wrongs of their life.

While issueless people surge ahead to date or find new partners, single parents always put a pause button on their social life and potential partner search because of their insecurities about their child (or children).

There are different types of single parents in our society. They can be widowed, separated, divorced, abandoned or they might be single parents in the literal sense where they never indeed married their partner. No matter what their situation might be, the insecurities are the same when they wish to marry again

• Will my child regard the new partner with trust and love?


• Will the new partner treat my child affectionately?


• What if the new partner turns out to be lecherous and abusive?


• Will he/she support my child from the previous marriage?

There is a vast difference between behaving well socially and actually loving someone’s child, and the financial aspects of this whole equation do have a bearing on any decision that you might take.

Many who have taken the plunge sadly find themselves disappointed when their new spouse doesn’t want you to spend money on your child. In some cases, differences creep up after you have a second child with your new spouse. You may not be able to work immediately, and your new spouse might not be willing to spend on your child from previous marriage. All this and more creates friction and an unwanted angle to the whole issue. There are also many instances, where property or funds settled on the name of the child from previous marriage, has been confiscated by the guardian and the child left in a lurch.

There are umpteen stories and anecdotes in our society about brutality, indifference in the second marriage life concerning the first marriage child. Moreover, the same was also used to discourage women from seeking marriage a second time and in many cases from leaving an abusive husband in the first place.

What Should The Single Parent Do Then?

Stop dating and never have a relationship just because they fear the financial security of their first child.

No!. We live in a progressive society, and there are many ways and means by which your first child become settled financially. When you enter a new relationship with this belief, then you will find things falling into place and all your insecurities vanishing.

To do that, you don’t need a miracle but a good financial planner. I have many clients who happen to be single parents and here is what I advise them –

• Create Private Trust


• Investing in mandatory Lock-In funds


• Start Investing in the Kid’s name and yourself as a guardian


• Create a HUF


• Write a will and register


• You can Assign Investments (Better than Nomination)

Moreover, lastly, engage a Financial Planner who can guide you in the correct direction. I have had a long career in consulting, and I have seen positive results come out of settling child’s financial future. Financial planning helps single parent’s insecurities vanish, and they can climb into their next relationship without any fear.