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Who Is in Your Plan? Estate Planning When There Is No Next Generation
Who Speaks for You? Choosing Trusted Decision-Makers Without Adult Children
If you do not have children, whether by choice or circumstance, estate planning can feel like it was not designed with you in mind.
Most of the conversations around estate planning and legacy assume that there is a next generation to plan for. But not having
children does not obviate the need for planning. Read more to learn that for Americans without children, planning can matter even more.
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Where Does It All Go? Legacy Planning Without Direct Descendants
Estate planning tends to assume a straight line: parents to children. But that assumption does not fit everyone. For people without
children, the question becomes, Who should inherit your assets and how do you want your legacy to be carried forward?
Read more to discover that if you want more control over your legacy, you will need to take deliberate steps rather than
leave the outcome to default intestacy laws.
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Aging Without a Built-In Support System
Planning takes on different dimensions when you do not have an adult child to help manage the logistics of growing older.
Without an adult child to coordinate your daily needs or long-term care later in life, and without a private or public insurer
that guarantees payment for those services, you may need to anticipate those needs and build support for them ahead of time.
Read more to learn that without advance planning, you may fall through the cracks of a system that is ill-prepared to handle
your needs.
Read More . . .
MEREDITH | PC
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Flower Mound Texas 75028
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This newsletter is for informational purposes only and is not intended to be construed as written advice about a Federal tax matter. Readers should consult with their own professional advisors to evaluate or pursue tax, accounting, financial, or legal planning strategies.
You have received this newsletter because I believe you will find its content valuable. Please feel free to Contact Me if you have any questions about this or any matters relating to estate planning.