Starting your Estate Plan
According to some sources nearly 57 % of Americans don’t have an estate
plan. Most working adults understand the importance of an estate plan but keep
putting it off due to busy lifestyles, however many young people graduating college
have nothing to their name but a mountain of student loan debt. So the question
becomes: when should you start an estate plan and how do you make sure it fits
your life style?
First, even if you don’t own property or valuables and are not married or
don’t have children your probably not off the hook. The state will has created an
estate plan for you even if you have not, and at the very least you should think about
a health directive. And as soon as you get married and have children in to your life it
is time to sit down and get more in-depth with your estate planning.
Don’t be afraid!! Having a plan is better than not… you will have to give your
attorney a lot of personal and financial information but that is why you go to a
trusted estate attorney—such as Appleby Healy Law. To start off with you’ll stick to
the basics: who will take care of the kids, who gets what financially, what power
does your spouse have, and what you want done after you have passed.