There is faulty logic behind the reasoning that unmarried singles without children are not in need of estate planning, according to The New York Times in "Single? No Children? No Will? Big Mistake."
One of the primary reasons why people get estate plans is to make sure that their spouses and children are provided for, after they pass away.
But while taking care of a spouse or children is an important reason motivation for estate planning, it is not the sole motivation.
Probate avoidance may be enough reason to have a comprehensive estate plan.
A lot of money can be wasted in probate. Someone has to track down distant relatives and administer the estate.
That is not cheap.
Never think that you do not need an estate plan.
An estate planning attorney can guide you in creating an estate plan that meets your unique circumstances.
For more information visit my Wichita KS Estate Planning Attorney website
Reference: The New York Times (March 10, 2017) "Single? No Children? No Will? Big Mistake."