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Estate Planning for Singles

Serving Individuals throughout Madison, Wisconsin and the Surrounding Areas

estate planning for singles

According to the most recent U.S. Census, more than half of all adult Americans are single. Maybe you think you don't need to consider having an estate plan until you have a long-tem partner. But estate plans aren't just for couples, elderly, and the wealthy. Even if you don't think you of yourself as having an "estate", you probably do have one that is worth planning for. The alternative is that in the absence of an effective estate plan, your assets will be distributed according to laws written for people who do not have their own estate plan. And we can all agree that state lawmakers and a court making decisions about our personal property and lives may not reflect what we want. So, if you own a home, have retirement and bank accounts, you will almost certainly benefit from an estate plan. You work hard, and you have people you care about. An estate plan can make sure your assets go where you want when you die.

Unless you legally appoint the decision-maker of your own selection in advance through proper estate planning, then a probate judge will select one for you. The probate court process to accomplish this is expensive (think at least three attorneys), discloses your private personal and financial information to the public record, and is a real hassle for your loved ones.

Beyond the considerations of a will or trust, healthcare decisions are always a part of a good estate plan. Did you know the law requires every adult American to make his or her own personal, financial, and health care decisions? Without giving a healthcare power of attorney to someone you trust, those decisions will be left to healthcare professionals without guidance from you in the event you are incapacitated or unable to effectively communicate.

We are here to help you avoid probate and replace that impersonal, one-size-fits-all estate plan with one we design together that meets your concerns and goals. We even help you coordinate the beneficiary designations on your life insurance and retirement plans with your estate plan to avoid unpleasant, unintended consequences.

Our estate planning lawyers will provide an effective estate plan for singles in Madison, WI and the surrounding areas. We look forward to working with you.

Book a call today.

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