Estate Planning for Singles

What are the highest-paying jobs in your city? Created for {EMAIL} | [Web Version]( February 19, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Instagram ]( [Youtube]( [SIGN UP]( ⋅ [WEBSITE]( [] INTRODUCTION [] - [Stepping Into Estate Planning for One]( Marriage creates a presumptive heir and legal caretaker because a spouse has recognized legal rights to act on your behalf. What if you are single? Your estate planning strategies are going to be different. You need to be more thoughtful and deliberate about planning because of the legal uncertainties when you are relying on a friend or family member. Kiplinger's personal finance editor-at-large, Janet Bodnar explains [what you need to consider when creating an estate plan while single](. - Donna LeValley, personal finance writer P.S. I welcome your questions and suggestions about this newsletter– you can reach me at d.levalley@futurenet.com [7 Mistakes to Avoid When Hiring an Advisor]( Working with a financial advisor can be a crucial part of retirement planning. But choosing the wrong one can wreak havoc on your investments. Here are 7 common mistakes to avoid when hiring a financial advisor so you can work towards a more comfortable retirement. [LEARN MORE]( ADVERTISEMENT [] TOP STORY [] [What Are the Highest-Paying Jobs in Your City?]( [What Are the Highest-Paying Jobs in Your City?]( (Getty Images) There are many reasons to keep abreast of the highest paying jobs in your city. Job hunting is one but identifying potential clients/customers is another important reason. Professionals and jobs that require licensing often have professional associations that can be a target rich environment for your business. Keep reading to find out [the highest paying jobs in your city](. [] EMPLOYMENT OVER 50 [] [How to Age-Proof Your Career Against Workplace Ageism]( [How to Age-Proof Your Career Against Workplace Ageism]( (Getty Images) Ageism is alive, well and on the rise. And it seems out-of-step with how different the process of aging is in modern times. The physical demands of jobs have vastly decreased and preventive medicine has made us much healthier. CEO Terry Weber, has some [practical advice and tips on how to age-proof your job](. [Is your money working hard enough?]( It should be! Learn how Betterment's automated investing and savings technology can make your money hustle, while you don't. [LEARN MORE]( ADVERTISEMENT [] ESTATE PLANNING FOR SINGLES [] [Estate Planning For Singles]( [Estate Planning For Singles]( (Getty Images) The tax code allows for spouses to inherit with minimal tax consequences — but what do you do when you are single? And unlike a spouse or child, a friend or family member has no rights under the law to act on your behalf. Read on to find out [what you need to have in your estate plan if you are single or have no children](. [6 Myths About Social Security - Debunked]( Collecting Social Security benefits is an important component of any retirement income withdrawal strategy, but the federal program can also be complicated to understand. Get the facts on how the Social Security program works for retirees. [READ MORE]( ADVERTISEMENT [] OTHER KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [Best no-penalty CD rates February 2024]( This is a great way to earn some interest with if you may need to take an early withdrawal. [4 options for saving for a newborn’s future]( Here are 4 great ways for grandparents, parents, aunts, and uncles to help save for a new baby’s future. [Pink Tax: what does price discrimination cost women?]( Women’s products are, on average, 13% more expensive than similar men’s products. 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