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Commonly Asked Questions about Wills for Individuals Without Children

If none of those relatives can be identified, your assets could go to parents, grandparents, siblings, nephews, niecesor even the state.
In addition to stipulating what to do with your financial assets, those without obvious heirs should designate a person who can make critical decisions in case of incapacitation: A durable power of attorney for finances, for example, authorizes someone to handle your financial and legal affairs.
You may consider giving to charities or friends and family members. If you have pets, a will is an opportunity to name a guardian or caretaker for them. This ensures that your pets are taken care of by someone you trust.
When creating a will, the main thing to decide is to whom you want to leave your assets. You can choose to leave them to alternative heirs, such as an extended family member, a friend, or a charitable organization or even include instructions for some of your assets to be used to care for a pet after you are gone.
Establishing an estate and trust plan for couples without children or with no children intended to inherit is just as critical as planning for couples with children intended to inherit, and it is equally as important to have competent counsel to draft these important legal documents.
For example, you might create a family trust which allows you to leave assets to family members. The trust terms can specify that anyone who is not a blood relative can be excluded from receiving assets. Encouraging your child to draft a prenuptial agreement is another option.
Leaving Property to People Who Are Not Related to You When you create a will, you are free to choose who you name as beneficiaries. You can leave specific items or amounts of money to friends, coworkers, or anyone else who is important to you.
While it cant serve as a substitute for a last will, a letter of instruction can be extremely helpful to your loved ones. You can spell your wishes out in simple terms, and you can leave them a final message without the formality that comes with a legal document.