Aging Solo: Estate Planning for Those Without Immediate Family
Not everyone has children or close relatives to rely on as they age—and that’s okay. If you’re aging solo, thoughtful estate planning can provide the peace of mind that comes from knowing your wishes will be respected, your assets will be handled properly, and you’ll have support if you need it.
Here are a few key steps to consider if you’re planning without immediate family:
- Choose the right decision-makers.
You’ll need to name people you trust to step in if you become unable to manage your affairs. This includes a healthcare proxy to make medical decisions, a financial power of attorney to handle your finances, and an executor or trustee to carry out your estate plan. These roles can be filled by friends, professionals, or even corporate fiduciaries.
- Build a support system.
Think beyond family—your support system can include neighbors, close friends, clergy, or members of a community group. You may also want to explore care managers, daily money managers, or other professionals who can help coordinate care and services as you age.
- Document your wishes.
A well-crafted estate plan includes more than just a will. Advance healthcare directives, financial powers of attorney, and possibly a revocable living trust can provide guidance and protection during your lifetime and after.
- Keep your plan updated.
Without immediate family, it’s especially important to revisit your plan regularly to make sure the people and professionals you’ve chosen are still available and appropriate.
Aging solo doesn’t mean going it alone. With the right legal documents and support network, you can age with confidence and clarity.
Ready to create a plan that fits your life?
Our experienced team at Wills, Trusts, Probate & Elder Law Firm, PLLC is here to guide you every step of the way. Call us at 941-914-9145 or fill out our online form, and we’ll reach out to schedule a consultation at your convenience.
