Estate planning is critical for clients with minor children, but it is equally important that individuals without children have an up-to-date plan. Although an estate plan for clients without children may look different than one that is structured for minor children, it remains equally essential. Read more to learn that planning can frequently take on added importance for those without children, whether by choice or circumstance.

One thing that almost every client shares, regardless of whether they have children, is a desire to pass down a legacy. That legacy can be anything the client wants it to be. But when children are not a part of the mix, beneficiaries may be less evident, demanding a more in-depth conversation about what the client values, how they want to pass down their legacy, and who should inherit their assets. Read more to learn the best ways to have these conversations with your clients.

Planning for Clients Aging Without a Family Care Team

Planning takes on a different dimension when a client does not have adult children to help manage the logistics of growing older. Without an adult child to coordinate daily care, housing, and the necessary financial resources, the dynamic changes. Since there is rarely a private or public entity to fully cover these gaps, the planning burden falls squarely on the client to proactively build long-term and end-of-life care into their overall strategy. Read more to discover the ways to help clients plan in advance.

This information is for educational purposes only and cannot be considered legal advice, nor does the receipt of this newsletter create an attorney-client relationship.