A will or an estate plan is important for most individuals to
have. But unfortunately, it is considered an afterthought for many people.
Surprisingly, the majority of American adults do not have a will. If tragedy
were to strike, this could create a variety of unwanted outcomes. For example, the death of both parents in an accident can leave
their children’s fate up to a judge. Assets in a blended family may not end up
being distributed the way you would like. And furthermore, if one is in an
accident and incapacitated but not killed, decisions made about your medical
care may not be ideal. Estate planning can save you from all these unfortunate
circumstances. Everyone should do some basic estate planning — regardless of
their personal income level. A Will or Estate Plan is Important Even for Unmarried or
Single People
If tragedy befalls you and you die without a will, then state
law determines who gets your assets. For those who are single and childless, that
could mean that your estat…