(Story: Liz Skinner)

The nation’s 10 million single mothers and 2 million single fathers must consider certain financial situations that dual-parent families either don't need to contemplate or their lack of planning just doesn’t have as significant an impact, said Samantha Fraelich, a financial adviser with Bernard R. Wolfe & Associates Inc. in Chevy Chase, Maryland. 

Ms. Fraelich should know.  She and her two siblings were raised by their single mother.
“Society is designed for married people and if you are not, and you have children, you have different things to consider because there isn’t another person there when you’re gone,” she said. She offers special considerations about insurance, estate planning, taxes, childcare costs and other savings priorities.