What Age Should I Draft an Estate Plan?

What Age Should I Draft an Estate Plan?

Creating an estate plan allows you to ensure your assets are handled as you wish when you pass. An estate plan can even assist individuals when they are still alive. This is why your age is nearly irrelevant and it is never too early to establish an estate plan. It can be beneficial to create an estate plan if you are starting your first job or are entering retirement, it is always a good idea to cover your bases, no matter what stage you are at in life. To learn more about the estate planning process and how it can benefit you and your loved ones, continue reading and reach out to our experienced estate planning attorney.

Why draft an estate plan today?

Estate planning will eliminate the need for probate, protects your beneficiaries by maximizing the payout they will receive, reduces your estate taxes, and allows you to establish powers of attorney, guardians, and trusts. Each of these factors can benefit a person of any age. Powers of attorney are designed to protect your rights by appointing a trusted individual to act on your behalf, should you become incapacitated at some point in your life. Everyone can benefit from creating powers of attorney to ensure their interest remains protected in this worst-case scenario. Another scenario you can prepare for with an estate plan is appointing guardians to care for your child if you were to pass. Appointing a person who you know and trust to care for your child if you are no longer around to do so is an incredibly powerful and useful tool that many parents with minor children can benefit from.

Do I need an estate planning attorney?

It is possible to draft an estate plan on your own. However, it is highly recommended by anyone with knowledge of estate law to gain the assistance of an estate planning attorney.  For example, drafting your will alone and using an online outline will open you up to a variety of legal troubles down the road that can be easily avoided with the knowledge and skill of an attorney. Every aspect of an estate plan is extremely important to get right. With the assistance of an estate planning attorney, you will find peace of mind knowing your wishes will be respected when you pass and your loved ones will be taken care of. Give our firm a call to learn more about our service and how we can assist you in creating a comprehensive estate plan today.

Contact Our Firm

Zimmet Law Group, P.C. is an experienced team of attorneys guiding clients through matters of estate planning and administration, divorce and family law, real estate, commercial litigation, business law, bankruptcy, and landlord-tenant law. If you require the services of an effective New York City attorney, contact our firm today to schedule a consultation.

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