In light of the current situation, we are offering our clients the opportunity to meet with us virtually, rather than in-person. Please click here to contact us or call 800-756-5596 to schedule your appointment
Our phone lines are currently down, please use 323-391-4162 as an alternative number. Thank you.

Make Informed Decisions
About Your & Your Loved Ones' Futures
Based On Experienced Advice

~|chevron-down~|font-awesome~|solid

Singles Would Be Wise to Consider a Will

| Apr 17, 2017 | Uncategorized |

If you are unmarried and without children, do you need a will? Yes!

There is faulty logic behind the reasoning that unmarried singles without children are not in need of estate planning, according to The New York Times in “Single? No Children? No Will? Big Mistake.”

One of the primary reasons why people get estate plans is to make sure that their spouses and children are provided for, after they pass away.

But while taking care of a spouse or children is an important reason motivation for estate planning, it is not the sole motivation.

Probate avoidance may be enough reason to have a comprehensive estate plan.

The article mentions a case where three lawyers were assigned by the probate court to find a deceased person’s heirs and to oversee the estate distribution. In the end, the attorneys wasted most of the estate assets on themselves.

Even in cases where there is not outright fraud, money can be wasted in probate. Someone has to track down distant relatives and administer the estate.

That is not cheap.

Never think that you do not need an estate plan.

An estate planning attorney can guide you in creating an estate plan that meets your unique circumstances.

Categories

Archives