It’s never too early to plan for your future. Not only is it important for you, but when you pass away, it will be imperative for your family that your estate is in order. While many people at the start of their careers do not think they need to worry about estate planning, the reality is everyone, no matter what stage of life you are in, should be thinking about the future.
Common estate planning documents you should consider are:
Right now, you may be reviewing your estate thinking you’ll just leave it all to your children or next of kin. While you may utilize a will to do so, there may be other documents that will also benefit your beneficiaries when your time comes.
However, knowing the tax incentives and the types of estate plans that may be useful to you and your family can be complicated. For example, you may think a trust is a great catch-all to your inheritance tax needs, but the reality is, you need to pick what type of trust you need, will it be advantageous to you while you are living, and who will be in control of it?
These are just some of the very surface-level questions that alone are complicated. That’s why you need the experience of a trusted estate planning lawyer who can walk you through the process and prepare you and your family for every stage in life.
