If you’ve lost a close family member, you’ve probably experienced needing to make final arrangements, settling final bills, going through financial records, etc. While it may not be at the very top of the list of things to do during this emotional time, surviving spouses should look at several estate planning considerations in the year following the death of their partner.

Do an image search for “estate planning” and you’ll likely see lots of pictures of couples, some young, some older, many with kids. But singles – many without kids – have specific estate planning needs that shouldn’t be ignored.

If you've got a life partner but no marriage certificate, estate planning is a must. Without it, neither of you will inherit from each other—and neither of you will have a say in the other's end-of-life medical care. If you die without a valid will, state law will dictate where your solely owned property goes after your death, and it won't go to an unmarried partner. Instead, if you have no children, your closest relatives, including your parents, would inherit.

Who Will Manage Your Assets If You Are Incapacitated? Incapacity means you are unable to make decisions for yourself. Incapacity may result from an injury, dementia, stroke, heart attack, etc., and may be temporary or permanent. If you are unable to conduct business due to incapacity, having a will does not help. A will can only deal with what happens after you die.

There is an increasing population of single people without children – and they realize they need an estate plan. These people can be successful individuals who don’t have a spouse or child to leave their assets. If you are a part of this demographic, here are some tips...

One of the most important parts of estate planning is determining how to divide your assets. But what if you don't have a spouse, children, or other obvious heirs? Passing without a will or immediate heirs increases the odds your money will go to someone you'd rather it not.