Most people think of estate planning as a practice exclusive to the married and the wealthy. However, this is not the case; estate planning is offered to all adults and can bring peace of mind to loved ones. Additionally, even those who are single and without children can benefit from estate planning. You may not have a spouse or children to leave your assets to upon your death, but being able to choose where your money and property goes can be extremely comforting.
At Arenson Law Group, PC, our legal team can walk those without a spouse or children through the process of planning for the future, both in terms of finances and physical health. Not only can estate planning allow people to determine where their money goes, but it also gives people the chance to decide who has control over their lives should they ever be on life support. Estate planning offers people the chance to have control over their lives and money even after they may not be able to make these decisions on their own.
Benefits of Estate Planning
Although those without spouses or children may feel that estate planning has little to offer them, there are many benefits in which single individuals can take part, including:
- Charitable Bequests
- Power of Attorney
- Living Will
- Guardianship and Conservatorship
- Gifts
These are just some of the areas offered with estate planning. An estate planning attorney can help you understand all of your options while planning your estate.
Consult an Estate Planning Lawyer in Cedar Rapids
Even if you are without a spouse or children, you can still decide upon how your finances and assets are managed in the future. At Arenson Law Group, PC, our Cedar Rapids lawyers understand how important it is to have the peace of mind of a will or trust. Call (319) 363-8199 today if you are interested in our estate planning services.