BLOG

Should an Unmarried Person have a Living Trust

Posted by Barry L. BrewingtonAug 25, 2023

Flying solo in life doesn't mean you're exempt from planning for the future. In fact, being single underscores the importance of having a living trust in place. A living trust isn't just for the wealthy; it's a smart move for anyone who wants control and peace of mind over their assets.

For a single person, a living trust brings several key benefits. First, it ensures your wishes are respected if you become incapacitated, granting control over your financial affairs. Unlike a will, which goes through public probate, a living trust maintains your privacy, keeping personal details shielded from prying eyes - like creditors or opportunists.

Moreover, an unmarried person often lacks an immediate default beneficiary, making the living trust even more crucial. You can decide how your assets are distributed among family, friends, or charitable causes you care about.

In a world of uncertainty, a living trust offers security, control, and the ability to leave a meaningful legacy. It's not just a financial tool; it's a way to take charge of your future on your terms.

Draft Your Living Trust with NCLegalDocuments.com

The exact parameters of your trust will depend on your circumstances and provide you with a greater amount of control regarding the distribution of assets. To start your trust, Click to select your trust, or by calling 704-492-2588.

ABOUT NCLEGALDOCUMENTS.COM

At NC Legal Docs, we offer document drafting, review, court coaching, subscription legal services, and more. Our transparent pricing structure makes it easy to budget for your future business or personal legal needs. Register online, or call (704) 492-2588 to get started.