Weinstein & Randisi
Toll free:800-768-1780

Resize the Content Text

Estate planning ideas for single New Yorkers

Preparing now for the future is a responsible decision that may safeguard your family and your wishes in the future. But what if an individual is single and does not have a spouse or any children? Who will safeguard that individual's future?

According to a 2013 report from the American Association of Retired Persons, by 2030, 16 percent of women ages 80 to 84 will be childless. In 2010, 11.6 percent of women were found to be childless. The proportion of caregivers was more than seven caregivers for every person above 80 years old. By 2050, the number is expected to go down to three to one.

An expert explained that the data supports the fact that there will be less traditional caregivers for the elderly. These people will turn to extended family, like nieces and nephews or close friends to care for them. These single people also have to consider who will be responsible for their financial affairs and estate planning.

According to reports, some women are turning to friends who live in the same apartment buildings as they do. The friends will oversee their future and were given power of attorney and appointed as executors of their wills. Other people are searching out co-housing options. They want communal living with shared expenses or want to move in with a good friend.

Even people who have children are deciding to leave their care and financial responsibilities to others, according to reports. Experts reported that a 2012 study by Fidelity Investments found that only 3 percent of parents agreed that their children would care for them if they became sick. In the study, 975 parents and 152 adult children were surveyed.

No matter who a person appoints to care for them later in life, it should be someone who cares about them and knows exactly what their wishes are. All conversations about estate planning, financial affairs and elder care should be very meticulous and detailed.

Source: nytimes.com, "The Childless Plan for Their Fading Days" Abby Ellin, Feb. 14, 2014

No Comments

Leave a comment
Comment Information
  • I wanted to write to say how pleased my wife and I were at your professional handling of our estate planning and preparation of new wills. We were put at ease by your visit to our home for an interview and were pleased that you listened to us and captured the things that we felt were important.

    --Robert and Christine Simonson, Fairport
  • In order to finalize the documents we came to your office and were greeted in a very professional manner and we could not have asked for finer service. We left with copies of everything we needed and feel very confident our needs have been met. Thanks again. We will surely recommend you should the opportunity arise.

    — Christine and Robert Simonson, Fairport
  • I have been working with Weinstein & Randisi for about two years now. Elizabeth Randisi, through a very thorough process, has helped my wife and me determine what is really important in our lives. Thus, we were able to draft a living will that reflected our most important values regarding our estate.

    --David and Ajia Cherry, Fairport
  • I would like to give a testimony for Elizabeth Randisi, an estate attorney with Weinstein & Randisi. Her knowledge of wills and estate planning was clearly demonstrated in her presentation to us. Realizing our need for a will, my husband and I went to see Elizabeth.

    --Kathy and Gary Gray, Webster
  • Filing for Medicaid is never an easy or fun process. However, working with the Weinstein & Randisi firm made the process simple and streamlined. We were able to obtain all files and records regarding Medicaid enrollment within a few days using specially prepared checklists and verbiage recommended by our assigned paralegal.

    --Ajia and David Cherry, Fairport
Awarded Top 50 Estate Planning Blog
Email Us For a Response

How Can We Help You?

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Blog Feed


Weinstein & Randisi - estate planning

290 Linden Oaks, Ste. 200
Rochester, NY 14625

Toll Free: 800-768-1780
Phone: 585-310-1578
Rochester Law Office Map


Call us now for a free, 100% confidential consultation: