There is a misconception out there that estate planning is only for people of a certain age. For example, you went through life already, had kids, sent them to college, and now have grandchildren; yet you do not have an estate plan. Even though you made it this far without a plan, it’s still not too late to create one. You have a lot of beneficiaries to protect late in life. Estate planning is not just for young people.
Just because you are no longer young and don’t have any dependents living under your roof doesn’t mean that you shouldn’t plan your estate. Estate planning protects more than just the dependents who live in your home. It protects your spouse. It protects you should you become incapacitated. It protects your heirs upon your death.
Estate planning is for people of all ages, specifically those who reach the age of 18 and older. Whether you are 30 or 105; it is a smart move to put together an estate plan to protect all that you have worked for in your life. The misconception that people with young children need to have an estate plan more than anyone else needs to be removed from your line of thinking.
The bottom line with estate planning is that it will protect you no matter your age. If you become too sick to handle your affairs or to make decisions regarding medical care, an estate plan will have all the answers your family seeks.
Now that you see how important it is to plan out your estate at any point in life, be sure to consult with an attorney about your wishes. You shouldn’t wait any longer to complete this task because you must be of sound mind to make the decisions.