The Law Offices of Scott Alan Morrison, P.A.
Please Call For An Appointment

Single individuals need an estate plan too

People often focus on married individuals when they hear about the importance of estate planning. However, an estate plan is just as critical for a single person in Maryland as it is for a married person with kids. In many situations, single people may simply need to take different steps when it comes to estate planning.

Many single individuals own assets in their own names. They may also be joint tenants with regard to other assets and have the right of survivorship. Other types of assets, including retirement assets or life insurance, will ended up being distributed upon a single person's death based on the assets' beneficiary designation terms. The beneficiary designations and how all of these types of assets are titled will have a direct impact on who will control these assets and the way in which they will be distributed when the single person dies.

If single individuals die with no will, their possessions will be distributed based on their particular states' default laws. This usually means that a single person's closest relatives will end up with his or her assets. These relatives include parents, siblings or children, for example. Otherwise, if there are not any relatives, the assets will go directly to the state. For married people, a married person's assets usually go to the individual's spouse or kids.

Not having an estate plan that is well-coordinated can be detrimental to both single and married individuals. This is because the state will have to decide the fate of an individual's assets, and the decision may not be in line with the person's wishes. Proper legal guidance may help people develop a will that ensures that their assets will be distributed as they see fit when they die. It is also important to create a durable power of attorney document, which makes sure that their daily financial affairs will be managed appropriately in the event they become incapacitated in Maryland.

Source: Douglas Rothermich, "Estate planning for single people", Douglas Rothermich, July 25, 2015

No Comments

Leave a comment
Comment Information
  • Best Of The Best The Frederick News Post
  • Bar Association Of Frederick County, Maryland
  • NAELA National Academy Of Elder Law Attorneys, Inc.
  • Maryland State Bar Association Inc.
  • Washington County Bar Association , DC Bar
  • Law Offices of Scott Alan Morrison is a BBB Accredited Lawyer in Frederick, MD
Form Submit Button

Schedule Your Free Consultation Today

For more information and a free consultation with a Maryland estate planning attorney, call us at 301-694-6262 or fill out the form below. We provide clients with the estate services they need.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

We have offices in Frederick and Maryland, to serve you.

Evening, weekend and off-site appointments are available upon request. Free parking is available at our Frederick office.

Our office will follow the same closing & delays as Frederick County Public Schools for both offices due to inclement weather.

The Law Offices of Scott Alan Morrison, P.A.
141 W Patrick Street
Suite 300
Frederick, MD 21701

Toll Free: 866-220-5185
Phone: 301-694-6262
Fax: 301-668-8884
Map & Directions
Frederick Law Office Map

Contact This Office Contact This Office