Share:

For many, the words will, trust, and estate planning automatically conjure images of elderly folk making preparations for the end of their lives. However, people of all ages benefit from having a will—even those who are young and single. If you are an unmarried adult, here are a few reasons to start drafting these documents.

Name Beneficiaries

Most people want the power and freedom to name their beneficiaries. These are the individuals who will inherit the decedent’s assets and estate. When drafting the documents, you decide who they are and what and how much each receives. If you were to die without a will as a single person, probate courts would dictate the distribution of the estate—which could be very different than your wishes.

Have Someone You Trust Oversee Your Affairs

When drawing up a will, take the opportunity to also write a power of attorney. This is a document that lets you nominate someone you trust to handle certain legal and financial decisions should you become too sick or aged to make such vital choices. Consider it an extra insurance policy that ensures you are taken care of even if you're not able to do so yourself.

Make Important Medical Decisions

willIt's never easy to think about facing a medical crisis or having to decide about end-of-life care. However, accidents happen—even to young people—and you don’t want to end up in such a vulnerable position without a plan in place. Think carefully about what medical care you prefer to receive—or abstain from—if you ever became too ill to decide at that moment. When working with an estate planning lawyer, include a living will, as this document encompasses preferences regarding medical treatment and life-prolonging care.

 

Whether you're single or married, start designing a will today with the guidance of an experienced lawyer at the Law Offices of Robert B. Liotta, Esq. Since 2000, this Lower Burrell-based firm has been serving clients in Westmoreland, Allegheny, and Armstrong Counties, offering quality legal counsel throughout the process. Call (724) 334-9870 to schedule a consultation, visit them online to learn more about the firm, and follow them on Facebook and Twitter to receive more tips, news, and updates.

tracking