Why Singles Shouldn’t Put Off Estate Planning

Estate planning isn’t just for married couples or parents. It’s just as important for single individuals. Whether you’re single by choice, between relationships, or simply independent, having an estate plan ensures your wishes are honored and your loved ones are protected. Here’s why:

1. The Court Decides Who Makes Decisions for You

Without an estate plan, the court will assign someone to make medical and financial decisions if you become incapacitated. That person may not be who you would have chosen. A properly drafted Power of Attorney and Advance Health Care Directive let you decide who will handle these important matters.

2. State Laws Decide Who Inherits, Not You

If you pass away without a will or trust, California’s intestacy laws determine who inherits your assets. That might mean distant relatives, or even the state, benefit, rather than close friends, charities, or others you care about most.

3. Your Assets Could Get Stuck in Probate

When assets don’t have named beneficiaries or aren’t held in a trust, they typically must go through probate - a court process that can be costly, public, and time-consuming. A trust helps your estate avoid probate and ensures your assets are distributed smoothly and privately.

4. Singles Face Unique Tax Challenges

Single individuals don’t enjoy the same tax benefits as married couples. This can mean higher income taxes and less flexibility with estate and gift tax exemptions. Early planning helps reduce taxes and preserve more of your legacy for your chosen beneficiaries.

The bottom line: Estate planning gives you control - over your care, your assets, and your legacy. Whether you’re just starting out or well into your career, taking the time to plan now can prevent confusion and costly consequences later.

If you’re single and live in California, now is the perfect time to create or update your estate plan. Schedule a free consultation here to hear how simple it is for you to start planning for tomorrow today.