Who Needs An Estate Plan?

Your age will decide what kind of estate plan is necessary. For example, once you turn 18, a financial power of attorney and/or healthcare power of attorney would be helpful if something happens that leads to you being incapacitated or hospitalized.

When you get older and/or acquire assets, you should have a plan to protect your assets. Further, once you have children, you must plan for their future, from potential guardians to how their inheritance is handled.

Lastly, the most significant time in your life to create your estate plan is when you reach the age of 65 or older. By creating a comprehensive estate plan at this point, you ensure that there is guidance for your family and that your legacy is taken care of.