If you are just beginning your estate planning, you may be confused about the entire process. With so many things to consider, you likely have a lot of questions. We’ve taken the time to compile answers to popular estate planning questions. If you have any questions, or if you’d like to start your estate planning, call our office to set up a meeting.
When should I start my planning?
Your estate plan should be created as soon as possible. We understand that life can be busy and it can be hard to find time for all of your needs, but planning is essential. If you don’t plan today, you may not be prepared for tomorrow.
Everyone over the age of 17 should have a plan. You are never too young to start your planning! We work with many young adults in order to properly prepare for their future.
How should I choose an estate planning attorney?
Your estate planning attorney should make you feel comfortable about the process. You don’t want to work with an attorney who will not carefully explain your options. Make sure that your attorney is able to effectively communicate with you during the planning. You should also work with an experienced estate planning attorney so that you’re able to get valuable legal advice.
Can I do my own planning?
Legally, you’re able to do your own planning, but we don’t recommend it. It’s very easy to make mistakes that could cause your planning to fail. Don’t be tempted to do your own planning in order to save money. You likely won’t.
Work with an attorney so that your plan meets your needs and is legally valid. Your attorney will be able to create an error-free plan that meets all of your individual goals. He will also be able to inform you of law changes that may change your planning when you update. An estate planning attorney deals with these topics on a daily basis, so it’s important to utilize his or her skills.
Take a look at our next blog post (part 2 of 3) to read more answers to common estate planning questions. If you have any questions, or if you’re ready to start your estate planning, consult with a qualified estate planning attorney.