When Should I Create My Estate Plan? (Fayetteville Estate Planning Attorney)

When should I create my estate plan?

Even for those who realize an estate plan can benefit them, this realization sometimes comes too late in time — such as when an unexpected death or disability occurs. To avoid the stress of not having a proper estate plan in place, it would be wise to meet with an estate planning lawyer to help you at least draw up a basic estate.

You have until you are mentally incapacitated by incident, accident, or dementia to create your plan. The problem is you can’t predict when that moment will arrive.

The best time to create your plan is now.

An unexpected or long-term disability can often have greater consequences on your personal and financial affairs. Decisions such as who will handle your finances, raise your children, or make healthcare decisions on your behalf are extremely important.

Disabilities strike at random and quickly.  One day you may be healthy and the next day something has happened that leaves you out of control of your life.

Disabilities come in many forms.  They are caused by a variety of things.  People have become disabled by falling off a ladder, playing polo, motorcycle accidents, slipping in the tub, just to mention a few.

This doesn’t include medical incidents like heart attacks, strokes, and dementia that often strike without warning and have catastrophic effects on you and your family.

When should I create my estate plan? You should start now before anything happens.