Adults across Pennsylvania can be single for many reasons: they are young and haven’t found the one, it’s the path they’ve chosen or they recently went through a change in their relationship status. Whatever the case may be for you, it’s crucial to consider how estate planning may fit into and benefit your life.
Dictating your health decisions
Individuals with stellar health can thank their genetics or the dedication they put into themselves. Either way, it’s essential to not take it for granted when medical issues are few and far between. Instead, it’s wise to plan for the worst-case scenario.
The reality is your condition could decline at any given moment, and you could be unable to make decisions about your care due to the desperate state you are in. Fortunately, through advanced care directives and appointing a medical power of attorney, you can trust that you will have the final say in your treatment no matter the outcome of any health crisis you face.
Looking out for loved ones
It’s worth noting that with any financial situation, having a plan for passing along your legacy can mean a lot to you and your loved ones. Specifically, having a will can help you divvy monetary and sentimental belongings to anyone you choose. It’s not a requirement to list a spouse as a beneficiary; with an estate plan, deciding who you want to inherit your assets is entirely up to you. Feel free to name any other relatives, close friends or even charities near and dear to your heart. And if you are a parent, a will gives you a place to name a trusted guardian for your children if you can no longer care for them.
Putting a plan in motion lets you have a say in your future and can help you reach peace of mind.