When To Start Estate Planning

Many people hear the term “estate planning” and automatically make the false assumption that it only applies to those who are very wealthy or entering retirement. On the contrary, however, estate planning is something that applies to people in a wide age range and with an even wider range of net worth. The reality is that it is never too early to start your estate planning and most people recommend sometime in your 20s as the best age to begin.

The reality is that no one can predict when tragedy will strike and those who prepare are ensuring that their loved ones will have an easier time dealing with the financial aftermath. Regardless of age, the following are some of the most important reasons to start estate planning now:

  1. Avoid probate – this is by far the most common reason to contact an estate planning attorney as soon as possible
  2. Protection for your beneficiaries
  3. Circumventing a mess in the event of a tragedy
  4. Protection for your assets
  5. Lowering estate taxes

While some of the above reasons may not apply to your particular situation, it is absolutely essential for you to begin estate planning now. Young adults who start early will be in a much better position when the complex planning arises later in life. Whether you are younger or older, married or single, a parent or without children, you should consider developing an estate plan.

At the Law Office of Brenda Murzyn, we provide sophisticated and personal estate planning and probate services to all clients, regardless of the size of their holdings. Our experienced staff are committed to providing the individualized services and timely response and follow-up that are essential to meeting each client’s personal needs. Contact our estate planning attorneys today to learn more!

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