When it comes to estate planning, there is a lot that you need to know. This is not for adults of a certain age. Instead, it is for all adults who want to be responsible and help their family live a better life in the future.
Here is an excerpt from our estate planning webpage that will bring things together for you:
“It is never too early or too late to begin the estate planning process. Even if you think you are too young or the time has passed, it would be in your best interest to consider the steps you can take to secure the future of those you will leave behind.”
You can be a young adult, in your 30’s, and realize that now is the time to create an estate plan. Or maybe you have reached retirement age, but have yet to take on this task. Again, it is never too early or too late to get started.
Do you Trust Angie’s List?
When it comes to hiring any type of service professional, millions of people turn to Angie’s List for the help they need. With the assistance of the service, they are able to find the best of the best for any project they are taking on. And guess what? This often means the hiring of an attorney (such as for estate planning).
In a recent article published by WKOW out of Madison, an AARP study is cited. The study found that approximately 40 percent of Baby Boomers have yet to create a will. This is a problem, being that these people are all around retirement age. If you think that is bad, here is something else to consider: 71 percent of all Americans over the age of 34 don’t have a will in place.
There are many reasons people overlook the importance of creating a basic will. To start, they don’t have the time. Along with this, some people feel that it will cost them too much money. And of course, there are those who don’t want to think about the end of their life. They would rather enjoy what they are doing now and hope that nothing bad happens down the road.
Angie Hicks, the founder of Angie’s List, has this to say:
“While no one looks forward to planning their estate or funeral, it’s something we should all do because it can be considered a gift to your family because you’re reducing stress that would be on them at that time.”
As you can see, you aren’t creating an estate plan for yourself. Sure, this gives you peace of mind. But when it comes down to it, this is something you are doing for the future well being of your family.
How to Get Started
Since there is a lot that goes into estate planning, you can use the Angie’s List service to find a professional who can provide assistance. Just the same as hiring a contractor for a home improvement project, don’t hesitate to learn more about the legal team you are thinking of hiring. The more information you dig up the more confident you will be that you are making a confident decision.
More than a Will
While there is nothing wrong with drafting a will, as this is often the first step in the estate planning process, don’t stop here. There are other strategies to consider. For instance, a living trust may be something you consider. Along with this, it is a good time to name your powers of attorney.
One last word of advice from Hicks:
“You don’t need to be wealthy to need a will. Everyone should consider one because it will help just make distribution of your things – even the sentimental items – easier and alleviate stress and fighting in your family.”
If you need the assistance of an estate planning attorney, we are here to help you with every step of the process. Don’t hesitate to contact us online or reach out via telephone at 800-431-9776. Once we know your situation and how we can help, there is nothing stopping you from creating an estate plan you can be proud of. How would that make you feel?