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When is the best time to do estate planning?


Most Kent area residents have estate planning on their to-do list. But, like many things that should be done, it is often pushed to the side until a better time. So, when is a good time to work on estate planning?

Clearly, the best time to complete an estate plan is before a person needs it. A person never knows when their estate plan will be implemented, so everyone should have theirs completed. Life can change quickly and regardless of age, everyone needs an estate plan. A will is a basic document that can list who receives a person's assets and who is in charge of the estate. A trust is a good choice for those who have more complicated assets. Along with a will or trust, health care directives are important for everyone. A health care emergency can happen to anyone and having these directives in place before something happens can ensure a family knows what to do.

A legal professional skilled in estate planning can help a client create an estate plan that is tailored for their family. An attorney understands the sooner a family completes an estate plan the better. A person should understand their estate planning options and work to create documents that protect their assets and their healthcare wishes. If a family has children, setting up a trust and naming guardians is also important. Proper planning can offer assurance that a person's wishes will be followed upon their death.

A family never knows when the unthinkable is going to happen. The time to create an estate plan is now.

Source: napavalleyregister.com, "Tom and John Mills' common cents: The best time to do estate planning", Jan. 14, 2018

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