Can I Plan Without My Spouse?

Estate planning is crucial, even if your spouse isn’t fully on board or involved. While it’s ideal to plan together, you can take steps independently to ensure your assets and wishes are protected.

  1. Separate vs. Joint Assets: For assets solely in your name, you have the right to decide how they are managed and distributed. Consider creating your own will, trust, and other directives to clarify your wishes.
  2. Healthcare and Financial Decisions: You can appoint your own healthcare proxy, durable power of attorney, and other decision-makers independent of your spouse. This ensures your preferences are respected in case of incapacity.
  3. Impact on Your Spouse: If your spouse isn’t engaged in estate planning, you may need to discuss the potential consequences. Without coordinated plans, there could be confusion or conflicts in managing finances, inheritance, or healthcare decisions.
  4. Communication and Documentation: Even if your spouse isn’t involved, it’s important to document your decisions clearly. Ensure your plans are legally sound and accessible to those who will carry out your wishes.

Planning without your spouse might not be ideal, but it’s far better than leaving important matters unaddressed. The Davis Schilken, PC team can help you create a robust plan, even if your spouse remains uninvolved. Give our office a call today to schedule a no obligation meeting (303)670-9855. We make estate planning simple.

Archives

Categories

Meta