Estate Planning Helpful Even for Singles

If you’re a single individual, you may assume that estate planning is not to your benefit, or perhaps you’ve done the necessary step of taking the time to create a will but have not gone any further with your overall estate plan.

Estate planning, however, is beneficial for everyone. Documenting your wishes makes it possible for people you trust to make decisions for you in the event of sudden incapacity.

One recent study completed by Caring.com found that only around 1/3 of Americans have an estate plan, and more than half of people in the US pass away without a valid will, according to research from the American Bar Association. Estate planning can be challenging especially for single people, especially if you need to find qualified individuals to help you implement financial or medical decisions if you’re no longer able to do so.

You’ll also need to appoint someone known as your personal representative or your executor and this individual is responsible for handling estate administration after you pass away. Furthermore, even if you’re single but have minor children, you need to name someone who is responsible for taking over the responsibility for those children when you pass away.

What you don’t want is to hand things over to the courts to allow for state law to decide what happens to your children and to the remainder of your property. Hiring an experienced and qualified estate planning attorney in CA is one of the best ways you can protect yourself and ensure that you get the help and support you need when it comes to your future.

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