Why is it important for me to start creating an estate plan well before retirement?
There are numerous reasons why people put off estate planning. Many of us simply do not want to deal with our own mortality, so we keep delaying a discussion of the topic. Others do not want to incur the cost of attorney’s fees for drafting an estate plan, even though avoiding this immediate cost will cost them far more in the long run. Despite these understandable, if misplaced, reasons for procrastination, the fact is that when it comes to making your estate plan, procrastination can prove devastating.
You Risk Dying or Becoming Incapacitated Without an Estate Plan
By procrastinating making your estate plan, you risk potentially becoming incapacitated or dying without having a valid estate plan in place. To execute an estate plan, you must be mentally fit. For older Americans, putting off estate planning could leave you unable to sign a will, trust, or guardianship documents. This may create stress for your family and potentially result in your inability to enforce your final wishes.
If you pass away in California never
By Starting Early, You Will Have More Financial Planning Options
In addition to avoiding the risk of becoming incapacitated or dying without a will, you have some financial incentives to start creating your estate plan early. Estate planning is a multifaceted field that involves far more than simply making a will. With your estate plan, you can engage in
Do not put off making your estate plan any longer. Get started today by contacting a California estate planning attorney for assistance.