Planning For A Secure Future

Why is it never too early to consider estate planning?

On Behalf of | Oct 10, 2022 | Estate Planning

California residents can do themselves and their families a huge service by planning their estate and documenting their wishes. These are the reasons why it’s never too early to consider this important step.

It eliminates stress

When you decide to start planning your estate before your senior years, it can reduce unnecessary stress. Waiting too long can create problems for you and your family. When you make important arrangements years ahead of time, you won’t have to worry about what the unexpected might bring. You can plan for the future and secure various matters while you have the chance.

It lets you protect your children

If you are a parent, plan your estate sooner rather than later. It’s the best way to help protect your children. Your will allows you to name those you trust the most to serve as their guardians if you pass away unexpectedly while they are still minors.

With a trust, you can secure your children’s future by holding important assets in a bank account they can inherit once they reach a certain age. For example, you might decide that your child should receive their inheritance when they reach the financially responsible age of 25.

It gives you control

Estate planning gives you control over your estate, finances and health care. You can decide who will inherit your assets and property when you’re no longer here. It prevents the court system from determining who should get what and when they should get it and ensures that your beneficiaries receive their inheritances sooner.

You can also ensure that your legal representative carries out your wishes if you’re ever incapacitated and unable to express them. Documents like powers of attorney and health care directives can ensure that a designated individual handles your medical and financial matters in the way you want.

Estate planning is a vital tool that helps you protect yourself, your family and your estate.