If you have a family, you already have a reason to create a Will or a Trust. Handling matters such as these is important for your family’s future – no matter the reason. Below, we discuss the right time to create your Will or Trust – for the sake of your loved ones.
When is the right time to think about getting a Will or a Living Trust? The answer is easily given with another question – when is not the right time? Often people do not think about planning until they think death is near. Unfortunately, our birth certificates do not have expiration dates. This of course would make planning much easier.
It is sometimes surprising for younger families to learn that they have just as much need for estate planning as a wealthy retiree. The reasons for planning may be different but the need is still there. When we are young we typically do not think of dying but rather building a future for ourselves and our families. It is in these situations where tragedy can strike more than once. The tragedy of a sudden and unexpected death followed by the tragedy of not planning for your surviving spouse or the children left behind.
In these situations your estate plan does not need to be complex, but you do need to have one. A basic plan could include a Will, Power of Attorney, Medical Power of Attorney, Living Will, Mental Health Care Power of Attorney and a HIPAA form. These will provide for the basics of where you want things to go but also, and much more importantly who should care for your children if you and your spouse are not here to care for them.
If you do not get a plan from MH, get one somewhere because, If you have a family, you have a reason. Contact our estate planning attorneys by calling (888) 222-1328 today so our caring staff can discuss your unique situation and help create a lasting future for your family, no matter what happens.