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Home / Estate Planning / Why You Need an Estate Plan If You Are Single

Why You Need an Estate Plan If You Are Single

August 11, 2013

Estate Planning Tagged With: unlimited educational gifting, unlimited medical gifting

A surprising number of people in the United States do not have an estate plan in place. Many of those people are single individuals who do not have children. The reason many of these people have not created an estate plan is that they are under the impression that a single individual without children really doesn’t need an estate plan. That could not be farther from the truth.

An estate plan is intended to accomplish numerous goals at the same time. Disposing of your assets upon your death is, of course, the primary goal; however, there are many secondary goals that are also part of an estate plan. Some of these goals are even more important for a single person to consider than for a married individual.

Incapacity planning is at the top of the list. What will happen to your assets if you become incapacitated? Who will make medical decisions on your behalf if you become incapacitated? The answer will lie with the court system if you do not have an estate plan in place. Sadly, this often results in a court battle between well-meaning, or even not so well-meaning, friends and relatives over who will be given the authority to control your assets or decide what medical treatment you will receive.

Your estate plan is the only chance you have to make these decisions yourself. Take the time now to create a comprehensive estate plan that will not only determine who will receive your assets in the event of your death, but what will happen to them–and you–if you become incapacitated.

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Paul Gantner
Paul Gantner
I am an owner of Amen, Gantner & Capriano, Your Estate Matters, L.L.C. I have been able to bring my business and legal education and experience into a firm that has for many years provided comprehensive estate plans that meet clients’ needs and expectations.My passion has been creating and constantly pushing AGC’s mission of “Helping Families Secure their Legacies by Embracing them into the Law Firm Family through Long-term, Personal Advisory Relationships.”
Paul Gantner
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About Paul Gantner

I am an owner of Amen, Gantner & Capriano, Your Estate Matters, L.L.C. I have been able to bring my business and legal education and experience into a firm that has for many years provided comprehensive estate plans that meet clients’ needs and expectations. My passion has been creating and constantly pushing AGC’s mission of “Helping Families Secure their Legacies by Embracing them into the Law Firm Family through Long-term, Personal Advisory Relationships.”

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