Why Estate Planning is still important even when you don't have children or close family
Estate planning is critical to ensure that those without children or close family members stay in control of their future. Without proper estate planning, a court may appoint a stranger (usually an attorney or social worker) to act as as your Guardian and/or Conservator, if you are unable to make decisions for yourself.
Estate planning allows you to decide who will make health care and financial decisions for you, if you are unable. If you don't have anyone that you trust or want to take on this role, you may consider choosing a professional fiduciary, often an Elder Law Attorney. By planning in advance, you will have a chance to make sure that you are comfortable with the professional, that you trust him/her, and that he/she understands your wishes.
Without a will, your assets will be distributed to your next of kin, even if this is not what you want. Next of kin, may include family that you have not seen in many years or other relatives that you have never met. If your relatives cannot be found, then a public adminstrator will be appointed and your assets will go to the Commonwealth of Massachusetts. Most people would prefer to choose a friend or a charity, rather than have their hard earned assets given to someone that they never met or to the state. A will also allows you to choosewho will adminster your estate and ensure that your assets are distributed according to your wishes
We often work with single or widowed clients that do not have close family or friends to accomplish their goal of making sure that their wishes are respected. As Elder Law Attorneys, our goal is to assist you in securing your future and to provide you with peace of mind.
Senior Solutions Attorneys at Law, 30 Church Street, Suite 210, Belmont, MA 02478
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