Is it Too Early to Start Estate Planning?

estate planningAs New York estate planning attorneys, it’s no surprise that we believe that it is never too early to begin planning your estate. We know all too well that life is filled with the unexpected, and far too many people pass on without having their personal affairs in order and their final wishes known.

Estate planning shouldn’t begin only when you turn a certain age, when you get married, when you have kids, or when you reach a certain net worth. Here are four good reasons to start your estate planning today regardless of your age:

  • It will help your family and loved ones. Losing a loved one is difficult enough. When there is not a written a will or any kind of estate planning, it can be extremely stressful and overwhelming. Especially if you are married and/or if you have dependents, estate planning protects your family from the needlessly long and hard process of settling your estate after your death.
  • It will protect you in times of emergencies. We never know what the future will hold. Even if you are strong and healthy right now, no one is invincible. If you are involved in an accident or diagnosed with a terminal disease, already having a will, a living will, a life insurance plan, and a durable power of attorney can make a huge difference in your life and the future lives of your loved ones.
  • It will give you peace of mind. Stop worrying about what might happen if you and your spouse were to lose your lives in an accident, leaving your minor children without a guardian. Or stop worrying about what might happen if you suddenly lose your ability to make medical decisions on your own. Estate planning allows you to be prepared and have peace of mind that both you and your family will be taken care of even in the worst circumstances.
  • It will save you stress and time in the future. Estate planning now means less estate planning later. While it is always a good idea to periodically update your documents (such as in the event of a marriage, birth, death, or divorce), having your central documents in place is something you only have to do once. There’s no reason to delay.

Don’t Put Off Estate Planning Any Longer

The Law Offices of Andrew M. Lamkin are dedicated to helping individuals and families plan for the future, no matter what it will hold, no matter your age. Whether you are 28 or 88, we can assist you with all aspects of estate planning, from asset protection to living wills to health care proxies. To learn more about how you should get started, or to ask an attorney a specific question about estate planning in New York, please call (516) 605-0625 or fill out our online contact form.

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