Not everyone can have children, and not everyone wants them. Supporting this trend are statistics that reveal America’s fertility rate is on the decline. In 2018, the number of children born in the United States even dropped to its lowest rate in 32 years.
There are numerous reasons why couples are deciding to not have children including concerns about money and uncertainties about the prospect of raising a child in today’s world. Some couples who have decided to not have children make the mistake of thinking that they do not need a detailed estate plan, but in actuality they do.
It is still important to make sure that any assets owned by the couple pass according to their wishes. It is also often critical that burial and funeral requests of the couple are properly carried out. As a result, this article reviews some important details that couples without children should remember while estate planning.
The post Estate Planning Strategies for Couples without Children appeared first on New York Estate Planning Lawyer Blog.