Having a Trust or Will drafted and implemented is a task many people put off handling for years or decades. It’s somewhat common to assume that drafting one’s Trust or Will is not necessary until you’ve reached old age.
However, you can never predict the future. Waiting until a Will or Trust is needed, and then trying to implement it, is an impossible task. This planning needs to be done so that when it’s needed, it’s in place. Typically, it’s a good idea to begin the process while you’re healthy and have full capacity. For many people, there’s a kernel of an idea that “I know I/we need something, but I’m just not sure what or how any of this works.” That can be somewhat scary or intimidating. Fortunately, the process doesn’t have to be that way as this isn’t a project you need to handle on your own. It’s extremely helpful to consult with an attorney when planning your Will and Trust, as they can provide expert guidance to clarify and explain what might otherwise seem to be an overwhelming process.
There are various life milestones that might mark the time when you should seriously consider drafting a will. They include the following:
Those are few examples. You may also consider writing or rewriting a will whenever your life circumstances change in any major way. Examples of significant life changes include (but aren’t limited to) divorce, an unexpected passing, remarriage, or retirement.
Writing a Trust or Will early offers many potential benefits, such as:
Working with an experienced attorney to properly planning your Trust or Will sooner than you may have thought about provides peace of mind. At the Law Offices of Andrew Cohen, a Santa Clarita Will and Trust attorney is on hand to provide the help you need. A lawyer can also explain why a Trust is typically a preferable plan than most other methods of handling assets. Learn more by contacting us online or calling us at 661-481-0100.