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Estate planning still important for childless or unmarried adults

by | Feb 11, 2019 | estate planning

If a person is unmarried or does not have children, he or she may assume that having a will and other documents is not necessary. In reality, Pennsylvanians would be wise to undertake certain estate planning steps in order to avoid complications in the future. There is no such thing as a one-size-fits-all approach to planning for the future, and a person can craft an estate plan to suit his or her unique objectives.

Even if a person does not have children, it is still smart to plan for the possibility of being incapacitated at some point in the future. Through a power of attorney and health care directives, a person can plan for medical care and types of treatment wanted in the event of a serious illness or injury. This can prevent family members from having to make difficult medical decisions because the individual has already specified the action (or inaction) that he or she would want taken.

A trust may also be a useful way for a person to decide what will happen to his or her estate after death, as well as maintain control over it during his or her lifetime. It can also eliminate the need for an estate to go through probate in the future. Adults with no kids can benefit from an estate plan by naming an executor for the estate, planning for the care of pets, outlining the distribution of assets and much more. 

Estate planning is a smart step for any adult, regardless of marital status or kids. This allows a person to make important decisions for the future. A Pennsylvania reader may find it beneficial to discuss estate planning concerns with an experienced attorney.