Estate planning options for couples without children

On Behalf of | Apr 27, 2020 | Probate And Estate Administration

Without the presence of children, some couples in Nevada may feel that taking steps to plan for life ahead might not be nearly as important. However, there could be a variety of scenarios in which estate planning could prove beneficial to couples without kids. Exploring the possible benefits of the various estate planning options could help couples in similar scenarios better understand why it might be beneficial to consider implementing such a strategy.

Even if children are not in the picture, couples may still have preferences as to what they wish to happen to their assets after they are gone. Whether this involves distributing belongings to other family members or friends, or making donations to charities, having a will that depicts one’s preferences concerning this topic could be vital. Without a similar arrangement, it may be up to the court to decide how to distribute one’s possessions.

Many couples may also benefit from knowing that their may be options to help protect their beloved pets by choosing someone to act as guardian in the event of an untimely death. There may also be certain estate planning options that could prove essential should a person suddenly become incapacitated. Having a financial or health care power of attorney to make decisions on one’s behalf during such times could be beneficial in various ways.

Couples who do not have kids and wish to better understand the possible benefits of the estate planning process could find it helpful to seek guidance from someone with experience in such matters. An attorney can evaluate a person’s needs and preferences for the future and provide advice in making informed decisions about the situation. Such guidance could prove vital to helping a person in Nevada create a strategy to protect his or her future interests.