BANGALORE: A sudden death or separation from your spouse leaves you with the responsibility of whole family. Being a single mother and fulfilling each requirement of you children is not an easy task to live with. You become the bread miller for the family. Not only the daily routines but also the education and other expenses will be on your shoulders. Thus you should have a well planned financial strategy. Let’s look at four such tips which can help single mothers to save some money for a better future, as provided by Economic Times.

Doing the legal paperwork

The right legal paper works makes you the owner of your late spouse’s property. For the divorced couple the paper works will be done during the court’s final verdict. But if the wife doesn’t have a will of her late husband in which he names his nominees then this might get in to complications if there are other claimants.

You should be prepared for anything likely to happen thus transferring the property legally is the first step to be done. If the children are minor you should also name a loyal guardian for them so that even if you pass away the future of your children will be secured.

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