When In Life Should I Begin the Estate Planning Process?

Posted By P. Arnsen Blakely || 20-Aug-2013

Growing up as children, we so easily believed that life would go on forever, because we didn't understand what death really meant. It wasn't until you experienced the loss of a loved one that you began to understand what life really means and that it does not go on forever. In fact, you likely learned that life can be taken in the blink of an eye by a tragic freak accident or because of an illness; seeing that no day of life is guaranteed. This reality then transcends into our adult years, and we witness more and more the fragility of life over time. However much exposure we have to death, we often don't realize that this truth applies to us as well. In fact, we can't even guarantee if we will see tomorrow. It is for this very reason that estate planning exists; and why it is never too early to begin establishing your plan for the future to protect not only your assets, but your loved ones futures as well.

A few lies that people often believe when it comes to estate planning include:

  • "I am too young"
  • "I don't make enough money"
  • "I don't own a house"
  • "I am not married/ I don't have children"

These lies, among so many others, are often what prevent people from taking the initial steps to establish their estate plans. However, as mentioned above, life is short and there is never a better time to plan for the future of your loved ones and your property than today. Whether you are single, married, divorced, with or without children, young or old, life happens and it is better to prepare now. Choosing to plan your estate today means that whatever you have will be entrusted into the hands of those whom you select.

Even if you don't have kids, perhaps you would like your property to go to your parents who are aging, or you would like your savings to be donated to a non-profit organization? Maybe you do have a family. By creating an estate plan, you can ensure that your spouse and/or children will receive the assets that are rightfully theirs by the time you die when you choose for them to receive it. Not only that, but your loved ones may also be able to avoid the probate process and the stresses of court proceedings by you having your estate mapped out beforehand. Just because you plan your estate today, it doesn't mean that your life is going to come to a close tomorrow; it simply means that you can have peace of mind knowing that your loved ones will be cared for in the event of an unforeseen tragedy.

Planning your estate is something that you do not want to do on your own, as it involves many legal documents and contracts. If you are looking for an Orange County estate planning lawyer, look no further than P. Arnsen Blakely. Our firm is highly experienced in the matters of estate planning and probate, and we are here to help you walk through this process every step of the way. At P. Arnsen Blakely, we understand not only how precious life is, but also how much our loved ones mean to us. For this very truth, we will do whatever we can to help you choose the best route for your unique circumstances. Not only that, but as life changes happen we can work together on updating your plan to coincide with the recent needs of your life.

Contact our firm today for a free case evaluation.

Categories: Estate Planning

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