Kiplinger

No Children? Why You Still Need an Estate Plan

Estate planning is an extremely personal process, not a one-size-fits-all endeavor. When an individual has no close relatives (other than perhaps a spouse), the decisions required to prepare an estate plan can sometimes feel overwhelming. Over the years, I have observed this struggle firsthand, causing some individuals to take years to complete their estate plan, or worse yet, not finish it at all.

Here are some considerations if you find yourself struggling:

Plan for Incapacity

Every adult should have an advanced directive for health care and a durable power of attorney for legal and financial decisions. These documents allow you to

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