3 Reasons Estate Planning Is Essential


Are you ready for the new year that’s just around the corner? Ring it in with the security and comfort you and your loved ones deserve. Thoughtful estate planning is important for individuals of all ages in 2022.

Personalized and experienced estate planning support is essential for people of all ages – not only senior citizens. Here’s why:

1. Your Life Is Always Evolving 

What lays ahead for the next year or two in your life, or for the next 20-30 years? You might not have all of the answers defined in your crystal ball just yet, but that doesn’t mean you can’t plan ahead with a comprehensive estate plan that is built for your needs now and can change if your needs evolve. Opt for personalized estate planning – built to meet a wide range of evolving needs, because life doesn’t always go according to plan.

 

2. You’re Not “Too Young”

According to a recent survey, only 46% of Americans have a will. The survey also showed that individuals 65 and older are more likely to have a will. All adults need to take the steps to plan their estate, including Millennial families, prospective homebuyers, middle-aged dads, single moms, students, and bachelors. Life is precious – and the last couple years especially have shown us how lives of all ages can be tragically lost or medically altered.

 

3. The Details Are Important

Are you prepared to leave your family unburdened if something does happen? The right estate planning is all about the details. The key to great estate planning is taking the time to sit down with experienced attorneys who listen to your story – and help you outline comprehensive estate planning. Have you chosen who you want to take care of your children when you die, or who will serve as your proxy if you become incapacitated? How do you want your inheritance to be dispersed amongst your heirs? Opt for attorneys who make it easy to answer these “big” questions and make them legally binding for you and your loved ones. 

An estate plan should not only be personalized, taking into account your evolving life, but needs to be built for all of life’s stages, as mentioned above. It should also be attainable and simple to plan. Mattingly Ford can help with comprehensive legal services and support that removes the barriers and hesitations our clients often have about planning or updating their estate plans. Let’s chat today.