When Is The Right Time To Make An Estate Plan?
They say timing is everything. This includes finding the right time to begin estate planning, which could be sooner than you realized.
It’s never too early or too late to set up – or update – your estate plan. At The Day Law Office, our team of qualified estate planning attorneys is here to help you prepare for the inevitable and secure your family’s future.
Life Events That Make Estate Planning A Wise Idea
Virtually every adult in Hernando County would benefit from an estate plan. But as people come in and out of your life and your circumstances change, creating an estate plan (or amending an existing one) can become even more important. Consider starting your estate plan after experiencing one of these life events:
- Marriage or divorce
- The birth or adoption of a child
- The purchase of a new home
- The death of a spouse
- Estrangement from an adult child
- A child’s development of a disability
- An heir or beneficiary filing for bankruptcy.
Besides changing your life, these events could also affect how you will distribute your assets after you pass away. They could also change who you want to serve as the executor of your estate and your designated power of attorney. We know how to tailor a plan to your current life circumstances, minimize tax burdens and distribute your assets the way you wish. And we are always available to review your plan with you to make amendments when necessary.
Because we also practice family law and bankruptcy law, we can help you develop an estate plan that takes events like divorce and bankruptcy filings into account. This holistic approach can save your family considerable money and uncertainty someday.