We often have clients ask us when is the best time to do their estate plans and the answer is usually, right now! This is especially true for people who are 18 years old, people who don’t have a plan, and people who have recently experienced life changes.
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One of the events that should trigger you to meet with an estate planning attorney is a new baby. When you expand your family, it comes with lots of changes and responsibilities.
Once you have children, you will need to consider things that you have never thought about before.
Some of them:
- Who do you want to take care of your child if something happens to the parents?
- Do you have life insurance that will help offset the costs of raising your child or that can provide for your child?
- Is your life insurance through work? Is that enough?
- Do you need disability insurance? What if something happened to you physically – would you still be able to provide for your child?
- Finally, it’s important to think about your disabilities and your assets.
We often help our clients through these questions and decisions and provide them with guidance as we build their documents.
Many other life events will also result in changes to your estate plan. If you’re experiencing changes to your circumstances, family dynamics, etc., it’s always a good idea to meet with your estate planning attorney.
If you need help, contact us today.
Contact us today to help you get the right paperwork or to update your current property package. We will plan so you don’t have to worry about your future.
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