• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • Our Firm
    • About Our Firm
    • Attorney and Staff Profiles
    • Speaker Connection
  • Services
    • Asset Protection & Business Planning
    • Elder Law & Medicaid Services
    • Estate Planning Services
    • Financial Planning Assistance
    • Incapacity Planning
    • IRA & Retirement Planning
    • Legacy Planning
    • LGBTQ Estate Planning
    • Pet Planning
    • Probate
    • SECURE Act
    • Special Needs Planning
    • Wills & Trusts
  • Elder Law
    • Coping with Alzheimer’s
    • Guardianship and Conservatorship
    • Medicaid Crisis Planning
    • Medicaid Planning
  • Seminars
  • Webinars
  • Resources
    • Communities We Serve
      • Keller, Texas
    • Elder Law Resources
      • Elder Law & Medicaid Definitions
      • Elder Law Reports
    • Estate Planning Resources
      • 3 Reasons to Create a Trust
      • Estate and Gift Tax Figures
      • Estate Planning Articles
      • Estate Planning Definitions
      • Estate Planning Reports
        • Advanced Estate Planning
        • Basic Estate Planning
        • Estate Planning for Niches
        • Trust Administration
      • Estate Planning Worksheet
      • Is Your Estate Plan Outdated?
    • Free Consultation
    • Free Estate Planning Seminars
    • Frequently Asked Questions
      • Estate Planning
      • Trust Administration & Probate
    • Newsletters
    • Our Client Care Program
    • Pre Consultation Form
    • Professional Resources
      • Educational Alerts
  • Reviews
    • Review Us
  • Contact Us
  • Blog

McGee Law Firm

Your Resource for Estate Planning, Elder Law and Medicaid / VA Planning

Call Us Today 817-899-3286
  • Facebook
  • Instagram
  • LinkedIn
  • YouTube
Attend a Free Webinar
Home / Uncategorized / Estate Planning for Single People: 5 Reasons Why It’s Important

Estate Planning for Single People: 5 Reasons Why It’s Important

May 3, 2023 by Brandon McGee

Estate Planning for Single People: 5 Reasons Why It’s Important

Estate planning for single people is an important aspect of safeguarding your future, ensuring that your assets, healthcare wishes, and loved ones are well taken care of even when you’re no longer around.  Planning for the future can sometimes make you feel overwhelmed, especially when you’re single and navigating life on your own.  You may feel that estate planning is something that only concerns married people, people with children, or people with considerable wealth.  The truth is, creating a Will or a trust is just as important for single people.  Here are five reasons why estate planning for single people is important:

Asset Protection

Estate planning for single people ensures that your assets and protected and distributed according to your wishes upon your passing, preventing any potential disputes among your family members.  By creating a well-crafted estate plan, you can have peace of mind knowing that your assets will be handled according to your wishes after you pass away.

Healthcare Decision-Making

Facing health-related decisions can make you feel overwhelmed, and it is important to have a plan in place that outlines your preferences for medical treatment.  By including a health care power of attorney and living will in your estate plan, you can designate a trusted individual to make these decisions on your behalf if you become incapacitated. 

Providing for Loved Ones

We know and understand how much you care about your loved ones, and having an estate plan in place allows you to plan for their financial well-being after your passing.  By establishing a trust, you can provide support for family members, friends, or pets.  A trust will give you comfort knowing that your loved ones are cared for in your absence.

Avoiding Intestacy

Without a proper plan in place, single people run the risk of having their assets distributed according to the state’s intestacy laws.  This process may not align with your personal preferences or the best interests of the people you are leaving behind.  By creating a comprehensive estate plan, you can avoid this scenario and ensure that your assets are distributed according to your wishes.

Planning for Potential Incapacity

Planning for incapacity is a responsible approach to estate planning because it allows you to designate someone you trust to handle your financial affairs in the event that you become incapacitated.  A durable power of attorney ensures that your financial matters are handled in line with what you want, giving you and your family peace of mind during difficult times.

In conclusion, your estate plan is important even if you are single.  By hiring an estate planning attorney, you can create a well-designed estate plan that considers your individual circumstances so that you are securing your legacy for future generations. 

If you are ready to begin the estate planning process, we invite you to contact the McGee Law Firm by calling (817) 899-3286 or reaching out to us online.

  • Author
  • Recent Posts
Brandon McGee
Brandon McGee
Brandon McGee enjoys a successful law practice focusing on estate planning, elder law, Medicaid preplanning and crisis planning, and probate. Brandon and his team combine legal skills with compassion and understanding to develop estate plans that are personalized to the needs of each of their clients.
Brandon McGee
Latest posts by Brandon McGee (see all)
  • Don’t Procrastinate: Five Reasons To Plan Your Estate Now - May 25, 2023
  • Estate Planning for Parents With Children in College - May 24, 2023
  • A Health Care Directive Make a Difference - May 23, 2023

Filed Under: Uncategorized

About Brandon McGee

Brandon McGee enjoys a successful law practice focusing on estate planning, elder law, Medicaid preplanning and crisis planning, and probate. Brandon and his team combine legal skills with compassion and understanding to develop estate plans that are personalized to the needs of each of their clients.

Primary Sidebar

Blog Subscription

Sign up for our estate planning blog to receive all of our latest news and updates!

  • This field is for validation purposes and should be left unchanged.

Follow us

  • Facebook
  • Instagram
  • LinkedIn
  • YouTube

TESTIMONIALS

Client Review
May 25, 2021
    

Brandon McGee is knowledgeable, experienced and professional regarding Estate Planning. The entire process of multiple meetings to establish our input, draft and sign documents and fund the Trust were well organized and clearly explained. At completion, we were presented with a very well organized binder with the documents (both paper and electronic) and lists for future action.  In short, we find Brandon McGee and his staff to be competent, professional and friendly. ~ Brian C.

default image
Brian C.

Fort Worth Address

Fort Worth
810 W. 10th Street
Fort Worth, TX 76102
United States (US)
Phone: (817) 899-3286
See Larger mapGet Directions

Fort Worth Map

map

Southlake Address

Southlake
101 River Oaks Dr., Ste. 110
Southlake, Texas 76092
United States (US)
Phone: (817) 899-3286
See Larger mapGet Directions

Footer

  • Advantages of Working With our Firm
  • About the American Academy
  • Disclaimer
  • Sitemap
  • Contact Us

Connect to Us

  • Facebook
  • Instagram
  • LinkedIn
  • YouTube
footer logo

© 2023 McGee Law Firm
All Rights Reserved