6 Reasons to Plan Your Estate Today

 

Life is unpredictable.  Here are six common life events that will make you think about your estate planning today rather than tomorrow.

 

1. Death/Illness of a Family Member

If a lovedone dies without an estate plan, acquiring that lovedone's assets can be trying and expensive.  Having a planned estate ensures that once a lovedone passes, the survivors’ executors and heirs have a document to guide them through the probate process with little conflict.

 

2. Newborn Baby

Now that you have started your family, ensuring any children or minors are taken care of is the priority. Whether your child is a newborn or a teenager, specifying the wishes you have for your child in the event of a tragedy is essential. 

 

3. Thriving Business

If your business is thriving, congratulations! Estate planning is one way to protect the progress of your company and any assets that may be associated with that business.

 

4. Estate Inheritance

Inheriting another's estate is an ideal opportunity to plan your own estate. Incorporating your assets along with any inheritance is a great way to ensure your estate is properly prepared.

 

5. Critical Illness Diagnosis

Upon receiving a terminal or other serious diagnosis, planning your estate is critical. In this instance, your passing may not be unexpected, but having an estate plan can ease your worries of passing knowing that your loved ones will be taken care of in this way.

 

6. Peace of Mind

As we all know, emergencies or tragedies happen when we least expect them. Having a will in place now will give you peace of mind in the event of the unthinkable.