Think estate planning is only for parents? Here’s why childless singles and couples need to act now — before third parties step in

These concerns are common. A 2025 Scotiatrust Wills and Estate Planning Survey reported that 91% of adults worry about burdening family with future care needs, and 46% feel anxious about what will happen to them in old age (2). These worries can be even stronger for those without children.

Additionally, the likelihood of needing support increases with age. The 2022 Canadian Survey on Disability found that 41% of Canadians aged 65+ live with a disability that affects daily functioning (3).

These statistics are harrowing reasons why childless adults who may not have a built-in support network need to focus on planning ahead in case of a future crisis or health setback.

If you don’t decide who controls your estate, others will

If you haven’t named someone to act as your POA, provincial law may appoint a decision-maker for you. This could be a distant relative or even a government representative — and their choices may not fully reflect your wishes.

A valid will is also essential. Without one, your estate is distributed according to provincial intestacy laws, which may exclude partners, friends or charities you care about. Your estate may also go through probate, which is a public and sometimes costly process. Probate fees vary by province and can significantly reduce what your beneficiaries receive.

You can help avoid probate for specific assets. Holding property jointly with rights of survivorship allows it to pass directly to the surviving owner. Naming beneficiaries on Registered Retirement Savings Plans (RRSPs), Registered Retirement Income Funds (RRIFs) and Tax-Free Savings Accounts (TFSAs) also lets assets transfer directly to the person you choose. Trusts offer another option for managing and transferring assets while reducing delays and costs.

Together, these tools — wills, beneficiary designations, joint ownership and trusts — help ensure your estate is distributed according to your wishes, and reduce unnecessary legal costs.

Priorities for an estate plan if you have no children

One of the most important steps is appointing a POA. This is a person you designate to manage your finances, bills, property and health decisions if you become incapacitated. Appointing a POA ensures someone you trust makes decisions on your behalf, rather than a government official.

You could also complete an advance care directive, which is sometimes called a living will. This document outlines your preferences for medical treatment if you’re unable to communicate. It can include choices about CPR, life support, organ donation and spiritual care.

Bottom line

If you’re childless and planning for your later years, estate planning is essential. Without a POA, provincial law may choose who manages your affairs. Without a will, the law decides who inherits your assets — which may leave out partners, friends or charities that matter most to you.

Creating a will, naming a POA and documenting your medical wishes ensures your plans are respected, and reduces costs and stress for the people you trust. Taking these steps now gives you control over your care, finances and legacy.

Article sources

We rely only on vetted sources and credible third-party reporting. For details, see our editorial ethics and guidelines.

RBC Wealth Management (1); CEA Wealth Management (2); Statistics Canada (3);