Being Single

 


Single people become single in different ways—some have never been married, some are divorced, and some became single after their spouse passed away. Some single people have children, while others do not. Because everyone’s situation is different, each person needs a personal plan that fits their life.


Being single is completely fine, but having a plan is important. It ensures that your money and belongings go to the people or places you choose.


Married couples often rely on each other financially and emotionally. They may also have children, so it is important for them to plan for what will happen to their family if something unexpected occurs.


Single individuals usually do not have dependents, so their focus should be on protecting themselves. For example, they should make sure that someone they trust can manage their finances or make medical decisions for them if they are unable to do so.


Keeping your plan updated helps ensure that your money, property, or other assets go to the people, charities, or organizations you care about after you are gone.

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