Estate planning is essential for everyone, regardless of age or health status. Good estate planning protects your wishes, assets, and your loved ones. However, many don’t start thinking about estate planning until they have a health crisis. This tends to bring stress, complications, and other problems that are avoidable with proactive estate planning.
Many people delay estate planning until they face a serious health issue. Without a plan, you might lose control over your assets, healthcare, and even your children. Your loved ones may also face legal battles in probate. Many families have suffered avoidable financial hardship because the courts held up a deceased loved one’s assets.
Estate planning isn’t just for your loved ones. If you cannot care for yourself, the courts must appoint someone to make your financial and health decisions. Laying out a power of attorney, medical proxy and other documents can keep you in control.
Even those who understand the importance of estate planning often procrastinate. According to a study by Caring.com, the main reasons include:
According to ElderLawAnswers, you should begin estate planning when you turn 18. Even young adults can benefit from having basic documents, like a will and a healthcare proxy. The sooner you start, the more prepared you’ll be for unexpected events.
Before you can start estate planning, you'll need a few estate planning documents. These include:
Estate planning is a crucial step to protect your future peace of mind. Don’t wait for a health crisis to start planning; start today. Contact us and schedule a consultation with your estate planning attorneys to develop a custom plan.
If you're still young and healthy but would like to set up your estate plan to prepare for the future, we are always happy to help. Contact The Werner Law Firm living trust lawyers in Frisco for a free consultation!
If you have any questions, schedule a free appointment with us through our online appointment page.
You can also read reviews from some of the hundreds of clients we have helped over the years.
References: Caring (2024) “2024 Wills and Estate Planning Study - Caring.com" and ElderLawAnswers (April 5th, 2023) “Don't Wait Until You're Sick to Create an Estate Plan”
Founded in 1975 by L. Rob Werner, The Werner Law Firm and our dedicated attorneys are available for clients, friends, and family members to receive the legal help they need and deserve. You can trust in our experience and reputation to help navigate you through your unique legal matters.
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If you’re looking into taking care of your estate planning, we urge you to schedule a free initial appointment today and join the many satisfied clients who have contacted Werner Law Firm.
