When you hear the term “estate planning,” you probably think that it’s something only older folks need to do. After all, this is put in place so that when you are gone, your belongings are distributed to your loved ones per your wishes. If you’re young, you don’t think much about death. While it’s a good idea to not think about death daily, it’s never too early to start planning your estate or talking to a probate lawyer in Moline, IL, to see what your options are. The truth is that something could happen to you at any point in time, and it’s best to be prepared.
When Should You Start Planning Your Estate?
There aren’t any hard or set rules when it comes to planning your estate. A good rule of thumb is that when you acquire some property, that’s a good time to start thinking about what is going to happen to it if something should happen to you. In addition, as soon as you become an adult, it’s a good idea to put incapacitation planning into place. Accidents can happen without warning, and if you don’t have a plan in place, your wishes might not be fulfilled. Take the time to protect yourself and provide for your loved ones should something happen to you.
Other Things to Consider
Another time to consider getting your estate planning taken care of or talking to a probate lawyer in Moline, IL, is when you have kids. Again, since anything can happen to you and your spouse, you want to outline where your kids should go and what they will get. If you don’t, they may wind up with nothing and become a ward of the state.
It’s never too early to start thinking about your estate planning or putting other legal documents into place. Contact David J. Franks Law in Davenport, IA, at
www.DavidJFranksLaw.com and let him help you find the best course of action to make sure your belongings and loved ones are protected and provided for.
