Many people are curious about when it is the right time to create an Estate Plan. The answer is, as soon as you become an adult. As a legal adult, you become responsible for keeping track of all your financial matters. It is important to think about where you want your assets distributed, but as a young adult, thinking about estate planning seems like a far off concern.
Throughout your life, you experience normal steps taken that foreshadow prioritizing your Estate Plan. The big events in your life, such as opening a savings account, buying real property, getting married, having children, inheritance, divorce, or travel can all highlight the need for Estate Planning. Changes in life can occur at any time so it is essential that matters get taken care of and are in writing.
When you have your first child, it is crucial to identify a guardian to care for your child in the unfortunate event of your incapacity. When creating a will, usually a guardian is nominated for your children. As time passes by, you will need to update your will.
Don’t wait till the last minute to create your Estate Plan. Our talented estate planning attorneys have the knowledge, skills, and experience necessary to successfully draft your trust, will, and other planning documents, and guide you through the process of estate planning to ensure your peace of mind. Contact Tresp Law, APC. to learn more about the estate planning process. Call us any time at 858-248-2779 for a free consultation.
