When Should I Start Estate Planning?

Estate planning isn't just about passing assets to the next generation. It's about making sure your wishes are clearly documented, your loved ones are protected, and important decisions aren't left to chance. 

 A thoughtful estate plan can help simplify the administration of your estate, provide clear instructions for your family, and ensure your financial and healthcare wishes are known if you're ever unable to communicate them yourself.

Estate planning is not a one-time event. As your family, finances, and goals change over time, your plan should be reviewed and updated to reflect those changes.

If you don't already have an estate plan, start by making a list of your current assets, reviewing your beneficiary designations, and considering who you would trust to make financial and healthcare decisions on your behalf if necessary.

If you already have a plan, take a few minutes to review it. Major life events—such as marriage, divorce, the birth of grandchildren, retirement, or significant changes in your finances—are all good reasons to revisit your documents with your financial advisor or estate planning attorney.