This Week's Topic: Planning for Unmarried Persons

Single clients need to consider how they will be cared for, both financially and personally, if they become incapacitated. Additionally, if they have dependent children or parents, there needs to be a strategy for assisting them as well whether the single person is incapacitated or dies.

The first line of defense is to have an excellent disability insurance policy in force that will provide continuous income in the event of a permanent disability. We cannot count on our employers to keep paying us income in that situation. Of course, the state and federal government have programs, but it is for living at a low standard. As with many other forms of insurance, consider this as cost of doing business for yourself, much like a business insures its resources.

You should also consult with your property and casualty insurance agent for her/his advise about under and uninsured motorist coverage to provide benefits in cases where someone else is at fault but doesn