Here today gone tomorrow… and so goes the way of the world. Our mortality isn’t a topic many of us wish to touch, but it’s a certain reality, nonetheless. Planning ahead is the best way to ensure that your family members and loved ones are not burdened in the event of your passing. We’re here to help with this simple Atlanta estate planning checklist for people under 40.
Talk To Your Loved Ones
Nobody wants to talk about mortality, but we’re all mortal. Good advice includes discussing your afterlife wishes and expectations with your family to inform them and to gain their input. This will go a long way in helping with your estate planning early on, and will also better position you and your family for the future.
It’s Never Too Early to Plan
Anything can happen… at any time. It’s never to early to plan for the future. This is especially important for younger couples that have children. Think ahead: What would your spouse or partner do without you suddenly in the picture? How would you plan debt payoffs? How would you plan your estate?
Discuss Your Options with a Professional
The best advice is to talk to an Atlanta estate planning professional. They can help you understand and dissect the complicated language and methods that attorneys use to plan and protect your estate for you. Before you meet with an attorney, it’s best to prepare a list of important questions to ask, so you can get the answers you’re looking for. An experienced legal professional can help you better understand your options and available planning methods, so you can avoid making common estate planning errors along the way.
Keep Your Estate Plan Updated
Things change. Careers change. Life changes. It’s part of the way that the world works. This also means that sometimes your estate plans may change. The best course of action here is to revisit your estate planning once per year (even if your 40 or younger), to make sure that it still meets your needs and doesn’t require any revisions. You may find that sometimes you want to update your will or make a change to how you plan your irrevocable trust.
Estate planning is important as we reach middle age. Planning ahead now and involving your family in what may seem like an uncomfortable conversation can serve accolades for your family later, should the unthinkable happen. Need help planning your estate? Give us a call to discuss your options.