Many child-free couples assume they don’t need a comprehensive estate plan. However, without a will, the court system decides who gets your assets. Unfortunately, your wealth may end up in the hands of someone you didn’t want to inherit your property.
Here are some tips that can help you decide who to leave your wealth to.
- Engage with what you’re passionate about. For example, if you love teaching, you can award scholarships to students.
- Choose your power of attorney – this can be close friends or colleagues.
- Update your beneficiaries since they determine the distribution of your assets, whether you have a will or not.
- Hire an estate planning attorney as they can advise you accordingly.
Contact Meurer Law Offices P.C. today to get quality estate planning services.