If you're thinking about estate planning, it's never too early to start planning for the future. According to Legal Zoom, 77% of Americans understand the importance of estate planning for everyone, so why not begin now? Estate planning helps ensure that your wishes and financial management are honored after you pass away or become incapacitated. Let's learn more about it below.

What Is Estate Planning?

Estate planning is the process of outlining how you want your estate (assets and money) distributed when you pass away. It's essentially a roadmap that guides your family with the necessary steps to ensure all of your wishes are taken care of. An estate plan can include everything from drafting a will and naming beneficiaries in life insurance policies, to setting up powers of attorney, and more.

Who Should Visit an Estate Planner?

Estate planning is necessary for everyone, regardless of age, income level, or asset size. Whether you're recently married, expecting a child, recently divorced, retired, healthy, or sick, it's important to visit an estate attorney as soon as possible.

Where Do I Start?

The first step is to research estate planning attorneys in your area. Select an estate planner with experience and expertise. Ask for referrals from family or friends and take the time to review their credentials before making a decision. Make sure to read online reviews and visit the websites of any prospective estate planning attorneys.

How Long Does Estate Planning Take?

Every estate plan is unique, so the time needed to complete it will vary depending on your circumstances. Generally, the estate planning process can take anywhere from a few weeks to several months.

When Should You Begin?

The answer is simple, start as soon as possible! Estate planning can be a complex and time-consuming process. So the sooner you start visiting an estate attorney to map out your plan, the better. Additionally, it's important to review your plan periodically throughout life. Changes in circumstances can have a significant impact on how you decide to distribute your estate.

Estate planning is an important process that should be taken seriously and started as soon as possible. The right estate planner can help ensure your wishes are honored after death. When it comes to estate planning, don't wait. Contact our team at Peacock Keller, LLP today for more information.