Share:

Many people mistakenly believe estate planning is unnecessary for those without children. However, couples and individuals can benefit from a solid estate plan regardless of their parental status. According to Debra A. Brown, an established legal professional in Torrington, CT, the estate planning process addresses a number of important issues and helps prepare for others. Over the past three decades, she has provided clients the guidance necessary to protect their final wishes. Below, she explains a few of the points to include in an estate plan whether or not you have little ones. 

3 Estate Planning Issues to Think About When You Don’t Have Children 

1. Who Will Receive Your Assets 

Without an estate plan to lay out instructions as to how your assets should be distributed upon your death, there may be considerable confusion among family members. This is especially true when there are no children to prioritize in the inheritance line. Therefore, estate planning allows you to choose beneficiaries and reduce the possibility of conflicts. 

2. A Power of Attorney 

You never know wheestate planningn a tragedy will occur and leave you incapacitated, so a power of attorney is essential. This is an estate planning document that designates a person you trust to make medical and financial decisions on your behalf when you are unable to do so yourself. Planning for this will prevent a family member you would never have chosen from stepping into the role.   

3. An Executor 

Once you pass away, someone will need to oversee the administration of your estate to ensure your final affairs are settled properly. While estate planning, you will have a chance to appoint the person you would like to fill this position. As an executor, they must ensure your final wishes are upheld and carried out as you intended. Choose someone you know you can rely on to eliminate potential problems.

Estate planning gives you the opportunity to remain in control of crucial decisions even when you aren’t able to communicate. Before getting started, seek legal advice from an attorney like Debra A. Brown. With her guidance in this field of law, you will create an estate plan that will stand up in court. Contact her office at (860) 496-7717, and visit her online for more information. 

tracking