Why Single People Need Estate Plans

You’re not married. Your assets are your own and your life is fairly uncomplicated. You may even be young and in good health. Creating a will, trust, and estate plan may be the furthest thing from your mind. However, it shouldn’t be. Estate plans are not just for people who are married, people who are older, or people with a lot of money—they are for everyone.

An Estate Plan Is Important to You

If you become incapacitated or you die without an estate plan in place, then the state of California is going to decide:

  • How your assets should be distributed. You may, or may not, have significant assets. Regardless of the value of your assets, you should be the one who decides who gets them when you can no longer use them.
  • Who is going to care for your children. If you are single and you have children, then it is important to name a guardian for your children so that you can be assured that someone you trust will continue to care for and love your kids.
  • Who gets to make medical decisions for you. If you are hurt and unable to make your own medical decisions, who is going to decide what medical care you should get? Make sure that it is someone whom you trust to honor your wishes.

Things are going to be complicated for your family and may not be done the way that you would have wanted them to be done if you don’t create an estate plan.

There Is Nothing Stopping You From Taking Action Now

You have the power to prevent problems later by creating an estate plan that meets your needs. To find out more about how to do that, please browse the related links section on this page.

 

James F. Roberts
Founder and owner of the Law Office of James F. Roberts and Associates, a premiere estate planning law firm
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