While making a Will may seem like a one-size-fits-all endeavour
to many, customizing an estate plan is a delicate exercise,
especially as life changes and circumstances evolve. For single
people and single people with children, the process can involve
different considerations than for those with a spouse. Ensuring
that appropriate individuals are appointed as estate trustees and
guardians, as attorneys for property and personal care, and taking
note of tax, probate planning and charitable giving opportunities,
are critical to ensure that assets are transferred to the intended
beneficiaries at the right times. It is also important that the
right person is appointed to care for you in the event you become
incapable of making personal care decisions. Many people focus on
what will occur on their death, when in many cases, more
consideration should be given to who will assist them in illness or
on incapacity. This can be a more challenging decision for single
people who do