What Is The Right Age To Create An Estate Plan?

Attorney Image By: James Filippi

What is the best age to create an estate plan?

The best age to create an estate plan is at eighteen, but what is the second best time? However old you are right now. The sooner, the better, because an estate plan is essential if you have many or few financial assets.

Here is why:

Estate planning is a crucial tool that allows people to prepare for the future and protect their assets in the event of unforeseen circumstances. Estate planning allows people to guarantee that their wishes for the distribution of their estate, which includes money and property, will be carried out after their passing. Additionally, it provides them with a way to prepare for any future financial or medical needs they may have. Estate plans can protect heirs from creditors and lower the tax obligations they must pay, in addition to giving them peace of mind. An estate plan includes wills, trusts, power of attorney, living wills, and healthcare directives that specify how certain issues should be handled when it comes to your estate after you pass away. You can read about these documents and more here.

Is it possible to be too young for an estate plan?

Simply put, no.

In the event that you become incapacitated or pass away, it may be challenging for family members or other loved ones to access your accounts and property without an estate plan.

An estate plan assures that the people who depend on you will receive the necessary support.

Everyone should think about making an estate plan to prepare for any potential future medical requirements. This includes establishing a health care proxy so that a trusted individual can make healthcare decisions on your behalf.

Additionally, estate planning enables individuals to establish a guardian for minor children in the event that both parents are unable to care for them due to illness, injury, or death.

There isn’t a one-size-fits-all solution when it comes to estate planning because everyone’s circumstances are unique.

Factors such as:

These factors influence how a person should approach their estate plan. It is essential to consider not only what could occur today but also anticipate potential changes down the road. You may wish to consult with legal professionals who can advise you on your options based on your unique circumstances and goals. From our experience, it is best to create an estate plan, or at the very least a will, as soon as you become a legal adult.

Choosing the Right Attorney

Finding a professional who can assist you in drafting a plan that meets your goals and objectives is one of the most crucial steps in estate planning. The estate planner should have experience creating wills, trusts, and other documents related to end-of-life issues. Additionally, it’s crucial that you feel at ease working with this person because there will be some difficult topics discussed during the process.

Finding an experienced attorney who is knowledgeable about all facets of estate planning can help ensure that your wishes are carried out after your passing and give you peace of mind knowing that, should the unexpected occur during your life’s journey, your loved ones will receive the proper financial support regardless of your age.

Filippi Law Firm, P.C., provides legal services in estate planning, probate, trust administration, trust litigation, and personal bankruptcy in the greater Sacramento area, with a focus in Rocklin, Roseville, Lincoln, and Granite Bay. Give us a call at (916) 333-7910 or fill out the contact form to get in touch with our office. Consultations are free, and they can be done over the phone, via Zoom, or in person at our office in Rocklin. Prepare for your future and work with the best estate planning attorneys today.

Satisfied Client Stories

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I had many questions regarding a trust set up by a family member that gave me power of attorney without my knowledge. This family member became incapacitated and I suddenly had a ton on my plate to deal with and no idea where to even start. I contacted the Filippi Law Firm after trying to get help from quite a few other firms and being told they weren’t interested. Well, I finally came to the right place. They answered all my questions in a timely manner, for a reasonable fee, and put my mind at ease.

Next, I will be getting help from them to update all the documents related to my own affairs. I know they will handle this in the same timely and professional manner that they showed in our previous dealings.

If you’re on the fence, don’t be. Give them a call. You won’t regret it.

Greg H. | Granite Bay, CA
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I very much appreciated working with Jen at the Filippi Law Firm. My Will is thorough and complete and I feel very good providing that for my family!

Catherine S. | Roseville, CA
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Selecting Filippi Law firm was perfect for my needs. Updating my Living Trust – every aspect of the document was clearly explained and my requests were met with sincere interest. And solutions offered to questions unanswered by the previous firm! The initial consultation was free of charge and not rushed in any way. I’m happy to recommend Filippi Law Firm with sincere confidence.

Connie B. | Lincoln, CA
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Filippi Law made every step of creating our Trust easy and seamless. I would highly recommend them to anyone!

Annie B. | Mission Viejo, CA
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We came to Filippi Law Firm needing assistance with a probate matter. Along the way my wife and I decided to get our affairs in order as well. Having never been through either process we were not very knowledgeable and in need of serious guidance. Jen, Katia, David and the rest of the team have been very informative, helpful, caring and patient with us while we navigate this unexpected journey. Thank You team Filippi!!

Jerry H. | Antelope, CA
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Walking into the Filippi Law Firm you are greeted by a friendly and welcoming receptionist. Any concerns regarding picking the right law firm are quickly erased. Jim Filippi and his staff are friendly, knowledgeable, and professional. They are extremely knowledgeable in Estate Planning, the reason for my need of an attorney. After obtaining my estate information they quickly got to work on updating my Revocable Living Trust and associated documents. Their fees were extremely reasonable for the time and effort they put forth. I highly recommend the Filippi Law Firm.

Andrew G. | Granite Bay, CA

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