On our blog and in our practice, we talk a lot about estate planning for families. It’s certainly the most commonly known application for our services—parents want to be able to protect what they’ve saved and accrued for their children and provide an easy way for their assets to be passed down to their children when they die. But just because this is the most well-known case for estate planning doesn’t mean it’s the only one.
A person who is single with no children—or, for that matter, a childless person whose spouse has passed away—may, in fact, need estate planning services even more. There can be a lot more uncertainty for someone with no dependents and no obvious heirs, from uncertainty about who should receive their assets to uncertainty about who can make difficult decisions about life-extending care on their behalf.