Some Missouri residents like to live in the moment and not plan too far ahead. Then there are others who do prefer to plan things out several years in advance. Whether you are a planner or a live in the moment kind of person, there is one plan you may benefit from having sooner rather than later — an estate plan. No one wants to think about their own incapacitation or death, but failing to have a plan in place for when either of these things occurs can leave your family in chaos.
Many people mistakenly believe that an estate plan is something they don’t need to worry about until they are old and gray. However, there are numerous reasons to prepare an estate plan now, even if you think you are too young for it. You see, an estate plan is not just about protecting assets; it is about protecting people; and it is about protecting you.
If you become incapacitated, who will make decisions for you? If you become incapacitated or die, who will take care of your kids — if or when you have any? When you die, who will get control of your property? Don’t you want to be able to decide these things for yourself? If you do not have an estate plan, all of these things will likely be determined by a judge.
Anyone can have an estate plan prepared. It doesn’t matter if you are a young adult or are well into your golden years; it doesn’t matter if you have or lack significant assets. All that matters is that you have a desire to make sure you, your loved ones and your property are protected. An experienced Missouri-based estate planning attorney can help you create an estate plan that fits your current needs and even offer further assistance down the line when those needs change. To learn more about the benefits of having an estate plan now and how an attorney can help you create or modify one, please take a moment and visit our firm’s website.