Should Singles Have An Estate Plan?

People think estate planning comes into play once a person dies. But it actually becomes very important as we get older.

A story in the Denver Post notes that estate planning is more than just a will. It also involves setting up a durable power of attorney for both medical and financial decisions in case you become unable to manage.

A married person has a spouse to act as such an agent. But a single person doesn’t necessarily have that asset.

That means if you become incapacitated, a judge might give that power to one of your relatives. If there aren’t any, a judge could appoint a stranger.

In any case, the story says, whether you are married or single you should have a plan in place. Most Americans don’t even have a will, the story says.

If you have questions about estate planning, feel free to call us for a consultation at (626) 696-3145.


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