If I have no children, do I really need an estate plan?
If you have no children or grandchildren, you may think it's not necessary to have an estate plan. As a non-parent, you have unique estate planning challenges, but you also have a unique opportunity to make a difference in the world. There are many effective planning strategies and tools you can use, but first you have to make some decisions.
A thoughtful estate plan can ensure that you have someone to make healthcare and financial decisions if you are incapacitated or inaccessible, even temporarily. It can ensure your voice is heard regarding life-extending medical treatments you do or don’t want. It can protect and wisely distribute your assets, ultimately ensuring that your legacy of care and compassion will live on.
AARP Foundation's workbook, My Unique Opportunity, can help you explore those decisions and meet your special estate planning needs.