NOW is the Answer

The Question:
When is the right time to begin estate planning for myself?

Now, because we can’t predict the future.

If you or a loved one hasn’t started estate planning yet, it’s not too late…you are still able to read my info-brief, so you must be doing OK.

If you have already made a plan, you should review it with your attorney every few years: possibly every year if you have had life changes.

When is the right time to begin estate planning for myself?

The hardest part of the process is getting started. Don’t feel bad, you are not alone. Several of my clients say they just kept putting it off because they thought dealing with the planning would cause bad luck and something would then happen. I can tell you from experience, the two are not related. At least if something does happen, their family’s well-being is taken care of.

Another response I get when speaking with people about estate planning is that they are too young. We have covered this in a prior info-brief already, but it is worth mentioning here. If you are single or married, have children or assets, or have nothing at all but are over 18, you should at least have basic documents in place.

Marriage, divorce, having a baby, a child turns 18, and other life changing events are excellent times to start an estate plan or review an existing one. These are times we usually review our auto insurance, health insurance and life insurance. Why not use the motivation and momentum and start estate planning at the same time.

“One thing remains consistent; the human mortality rate is 100%. We just don’t know when our time will be.”

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