Why Single People Don't Have Estate Plans

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					          Why Single People Don't Have Estate Plans (Even Though They Need Them More)

If you're single, whether or not you're young, you are part of the group that is the least likely to have
an estate plan. The fact is most single people rarely consider estate planning concerns and few have
taken any steps to developing important planning elements. Unfortunately, single people often need
these specific state planning elements much more than their married contemporaries. Here are three
reasons why you should begin estate planning as soon as possible if you are single.

Reason 1: You are (legally) alone
Even if you are single and in a committed relationship or have numerous friends and family, the law
doesn't exactly give you the benefit of the doubt when it comes to allowing someone else to make
choices for you. If you should become ill or injured and need someone else to tell your doctors the
kind of care you want to receive, a court will likely have to choose who makes these decisions. Unless
you have an estate plan, there is no way for you to choose who your representative is or otherwise
ensure that the person chosen will make the kinds of choices you would have wanted.

Reason 2: Your inheritance goes where the state tells you
In a similar way, states also have laws that effectively choose who will inherit your property even if it's
not what you would have wanted. If you were to die without an estate plan, your state's intestacy laws
would apply to your property. This would likely mean that all of your property would be inherited by
your parents or your closest living relatives even if you wanted your property you go somewhere else.

Reason 3: You are a single parent
If you're a single parent you need to stop whatever you're doing and speak to an estate planner
attorney as soon as possible. The fact is that you have the right to choose who would become your
child's guardian if something should happen to you. However, if you don't make that choice through a
legally recognized method your wishes will likely be ignored and the court will choose the person it
believes best.

Experienced estate planning attorneys Port St. Lucie FL of the Robert J. Kulas, P.A. offers estate
planning and business planning resources to residents of Port St. Lucie FL. To learn more about these
free resources, please visit www.kulaslaw.com/ today.

				
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Description: If you're single, whether or not you're young, you are part of the group that is the least likely to have an estate plan