When Should I Start Estate Planning?

when should i start estate planning

When should I start estate planning?

The best time to start an estate plan is on your eighteenth birthday.  The second best time is now.

The sooner you start, the sooner you’ll finish and have the protection you and your family deserve and need.

Estate planning is about much more than passing your property on after you die.

Estate planning is about protecting you, your family, your money, and your property during your lifetime!

Perhaps the most important documents in an estate plan have nothing to do with passing property.  Those two documents are the Durable Power of Attorney and the Healthcare Power of Attorney.

A Durable Power of Attorney names somebody you know and trust to step in and manage your personal, banking, financial, and legal affairs in case you can’t.  If you were in a car accident or had a major medical incident, you might not be able to manage for a while.  You can rest easier knowing your family won’t have to go to court to get permission from a Judge to manage your affairs.

A Healthcare Power of Attorney appoints somebody you know and trust to step in and manage your healthcare decisions if you absolutely can’t. Again, if you have a major medical incident, you might not be able to make your own healthcare decisions.  You get peace of mind knowing you have somebody appointed to make those decisions for you.

When should I start estate planning?  Hopefully you now see why it is important to start today.

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