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Parenting

 "Hardships often prepare ordinary people for an extraordinary destiny..." —C.S.Lewis "Hardships often prepare ordinary people for an extraordinary destiny..." —C.S.Lewis

Parenting

For today's LBGTI families, there are no accidental families.

  • You might be parenting and single with kids, parenting solo with kids, parenting and partnered with kids, (yours, theirs and ours), dual parents with kids, co-parents, foster parents, adoptive parents, or even adoptive parents of kids with additional needs (just beautiful!).
  • You might be a lesbian co-parenting couple or super involved Guncles or Aunties. You might not even identify with the broader LGBTI community but find yourself a parent in a same-sex relationship, or perhaps something a little more complicated.

When it comes to parenting in the LGBTI community, there's really no such thing as average.

However you're doing it, Love makes a family.

Love protects a family

More LGBT singles and couples are adding children – and the related extra expenses – to their households with about 11% of Australian gay men and 33% of lesbians raising children.

These diverse Australia families are often navigating jumbo mortgages, concerns about school bullying, religious discrimination, spending their money with purpose and creating safety and community for their kids.

A big part of parenting is safely solving problems. As families expand, there are usually a few key financial details to put in place;

While you might already have some compulsory level of insurance through your work or a super fund, which is a good start, it’s usually only a token amount and doesn't provide a family with the full coverage you need.

Several of our LGBTI clients have children and none of them have said any of them were 'unexpected'. Drew Browne, Financial Adviser Unusual Risks Insured

Why LGBTI parents need specialist financial advice

The world looks different today for many LGBTI families who face a wide array of issues that don't affect our heterosexual counterparts.

  • Many people in the LGBTI community have to choose their family, when their own biological family may not be the most welcoming.
  • While these options offer same-sex couples more choice in their pursuit of a family, they can be expensive and need additional planning and protection.
  • Even though marriage equality is now law in Australia, we still need to consider there may be a lot of family dynamics going on with family members who may not accept them, or adoptions by non-biological parents.
  • LGBTI people are much more likely than the general population to say that they need to gain more knowledge in order to tackle their financial goals. Many don't feel fully prepared because they don't know their options, don’t know how best to evaluate their options or don’t know how to get started.

Learn what's right for you

If you’re parenting, it's time to learn all about your family's options and then what needs to happen to protect a fabulous future together.

  • And while you're getting sorted, make sure you have a family backup plan in place, have updated the documents in your families estate plan to make sure nobody is left out, confirm you have the right 'beneficiary details' listed in your super funds and life insurance policies and check your current 'Power of Attorney' is up to date and stored safely, just in case.

We’d love to help you with all of that too.

Despite now having full marriage equality, the LGBTI community has a lot of ground to make up when it comes to succeeding financially.

We need to stay informed and help each other succeed. Collectively, we can be the village that raises our children, ultimately helping every child grow up in a safer, more inclusive world.

Other considerations:

  • Are you co-parenting and need to protect children from a biological family and chosen family equally? Let us help you with that.
  • Parenting means needing to regularly review and update your Power of Attorney, Wills, Responsible Person nominations and other necessary key legal family documents.  We can help you with those too, and the strategy and the products to bring it all together.
  • Are you running a family business? You probably have additional business risks to manage and need to protect your family from your business's financial risks. Let us help you with that.



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Whatever your situation, we can help you

  • Single

    Age is no indicator of relationship status or financial responsibility.

    • You can be young and starting out or older and established; and both enjoying living the single life.
    • You might be single, single again, sometimes single, single with kids, single with pets or perhaps something a little more complicated.

    When it comes to being single in the LGBTI community, there's really no such thing as average.

    And it's your single life, so live it your way.

    Read more...
  • Partnered

    Sharing life and love with someone can be twice as exciting.

    • You might be partnered, partnered with pets, officially de facto, officially married (yay!), splitting expenses but sharing life, or joining incomes and combining financial lives too.
    • You might be together but living apart, working towards a future with kids, thinking about fostering, adopting, IVF or surrogacy; or perhaps something a little more complicated.

    When it comes to being partnered in the LGBTI community, there's really no such thing as average.

    There's no right or wrong way to live a purposeful life, just what works for you both.

    Read more...
  • Parenting

    For today's LBGTI families, there are no accidental families.

    • You might be parenting and single with kids, parenting solo with kids, parenting and partnered with kids, (yours, theirs and ours), dual parents with kids, co-parents, foster parents, adoptive parents, or even adoptive parents of kids with additional needs (just beautiful!).
    • You might be a lesbian co-parenting couple or super involved Guncles or Aunties. You might not even identify with the broader LGBTI community but find yourself a parent in a same-sex relationship, or perhaps something a little more complicated.

    When it comes to parenting in the LGBTI community, there's really no such thing as average.

    However you're doing it, Love makes a family.

    Read more...