Abstract
Sometimes it’s hard to be single. Tax laws are harsher for singles than for marrieds. In addition, you may need to decide whom you want to benefit because you don’t feel you have obvious heirs. Your blood heirs may be disappointed with your choices, and because they have standing under the law, this increases the chance of a will contest. All this means your estate plan may need to be more thoughtful than that of your married friends.
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Notes
- 1.
There is a fabulous resource, www.pettrustlawblog.com , where attorney Dennis Meek blogs about everything to do with pet law. As an animal lover, I enjoy following this blog, and I’ve gotten a lot of great ideas over the years about how to structure an inheritance to benefit pets.
- 2.
If your beneficiaries are in their retirement years, you may want to consider the impact of an inheritance on long-term care needs. See Chapter 20, “Planning Guide for Your Parents,” for ideas of how to prevent an inheritance from having an unintended negative impact on seniors.
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© 2013 Deirdre R. Wheatley-Liss
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Wheatley-Liss, D.R. (2013). Planning Guide for Singles. In: Plan Your Own Estate. Apress, Berkeley, CA. https://doi.org/10.1007/978-1-4302-4495-0_15
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DOI: https://doi.org/10.1007/978-1-4302-4495-0_15
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Publisher Name: Apress, Berkeley, CA
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Online ISBN: 978-1-4302-4495-0
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