Let’s be honest—no one loves thinking about end-of-life planning. But as a Childfree or childless person, it’s especially important to be proactive. You may not have an obvious next of kin, so the decisions you make now can help protect your future wishes and prevent confusion later.
So let’s break down two key roles you need to plan for: your executor and your healthcare proxy.
⚖️ What’s an Executor?
Your executor is the person named in your will who makes sure your assets go where you want them to go after your death. They’ll handle things like:
- Paying any remaining debts
- Distributing your assets
- Working with the courts (if needed)
🏥 What’s a Healthcare Proxy?
Your healthcare proxy (also known as a medical power of attorney) is the person who will speak on your behalf if you’re unable to make your own medical decisions. They’ll help ensure your wishes for care and treatment are respected.
🤔 Who Should You Choose?
Here’s what to look for in an executor or healthcare proxy:
✅ Trustworthy and organized – They’ll be dealing with sensitive information and deadlines.
✅ Ideally local – In-person access to courts or hospitals is often helpful.
✅ Younger than you – Increases the likelihood they’ll be around when needed.
✅ Financially stable – Some states require executors to be bonded (and that can be hard to secure with major debt or credit issues).
It’s totally OK if you don’t want to put this responsibility on friends or family—or if your relationships are complicated. You have options.
💼 Should You Hire a Professional?
Absolutely. Many people opt to hire a professional executor or proxy, such as:
- An attorney
- A CPA
- A professional fiduciary
They’re paid for their services and are legally obligated to act in your best interest. It’s a great choice if you want to keep things simple and neutral.
📝 Start With Your Documents
The most important thing? Get your paperwork in order while you’re still in control. If you die without a will or advance directive, the courts will decide what happens—and that may not align with your wishes.
We recommend using Trust & Will to easily set up your:
- Will
- Living Will
- Power of Attorney
Still have questions? Your Childfree Wealth Specialist® or CERTIFIED FINANCIAL PLANNER™ can walk you through your options and help tailor a plan that fits your life.