If you haven’t had kids yet or don’t plan to, you may wonder whether estate planning is an essential step to take. While you may not have guardianship matters to arrange or heirs to leave assets to, you’ll still need to make decisions regarding the distribution of your estate. Here are a few alternatives to choosing heirs as your beneficiaries.

Who Should I Make a Beneficiary If I Don’t Have Kids?

1. Charities

Leave your hard-earned assets to someone who will put them to good use. Pick a charity or foundation that serves a cause you care about and name it as your beneficiary. Whether you want to support cancer research or forest restoration, you can leave your money to a group that will be grateful for your contribution.

2. Pets

Whether you’ve recently adopted a puppy or cared for a cat for years, you’ve likely developed a strong bond with your companion. Make a will to name a new guardian for your furry friend, so they’re cared for if you pass suddenly. You can also set aside funds in a pet trust, which will be given to the caregiver to buy food, treats, and toys, as well as pay for veterinary care.

3. Someone Special

Think of all the people who have played a role in your life during the past five to 10 years. Whoever has made a positive impact on your life would be an excellent beneficiary. Give your assets to a relative who’s struggling to provide for four children and still made time to check on you. You can also select a caretaker who has been tending to your every medical and personal need.

If you have more questions about estate planning without heirs, contact the team at Wills and Trusts Hawaii in Honolulu. These attorneys help their clients get their affairs in order, whether they need assistance with drafting a will or creating a trust. To schedule a free estate planning consultation, send a message online or call (808) 792-8777.