According to a recent article by Forbes Magazine, more than half of American adults are single, hitting the marker at 50.2%. This translates to 126 million individuals. The article attributes this growing number of singletons to better economic opportunities for women, the availability of birth control and weakened religion. Regardless of the source, attorneys like Pater, Pater & Halverson Co. in Hamilton, OH, recommend that even with a single status, estate planning is still a must, and here’s why:

• Your Loved Ones’ Protection: Single individuals can leave their assets to their children and other loved ones in the event of an untimely death. Without a will or trust, your assets will typically end up being state property. In addition to tangible assets, other benefits like insurance, retirement accounts and social security benefits can be assigned a beneficiary.
• Your Protection: A living will can assign a decision-maker for health-related choices if you were injured or ill—and you couldn’t make these choices on your own. A lawyer can explain more.

Pater, Pater & Halverson Co. have been in practice since 1889 and have helped countless individuals regardless of their marital status, protect the ones they love. The firm values family and long-term clients, and to prove this, they have held firmly to their mission for using honesty and integrity in service for more than 100 years, and spanning four generations.

To get in touch with Pater, Pater & Halverson Co. for wills, trusts, and other legal matters including criminal law, personal injury of family law, call (513) 867-1411 today or visit them online for more information.