Does a Single Person need to consider Estate Planning?

August 8, 2017

  Yes, a single person ought to be just as concerned about estate planning as a married couple. Even though there is no sense of obligation to support a surviving spouse, the state intestacy statutes provide for distribution to one's relatives, and the benefit of sheltering a married couple's combined Life Time Estate Tax Exemption is not available, proper estate planning for a single person will be needed: 

1) to take full advantage of the remaining trust opportunities, including the avoidance of probate and its costs; 
2) to specify exactly to whom you intend to pass your assets; and 
3) to provide for support and custody issues where there are minor children involved. 

 

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Noe Valley Law Offices

1330 Castro Street San Francisco, CA 94114 (Directions)

(415) 641-8687

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