There is more to crafting an estate plan than deciding what will happen to your assets after you die. A good estate plan can also help you and your family protect your assets and protect yourselves while you are alive. For example, an estate plan can include a health care directive and other documents that give legal force to your wishes about how you want to be treated if you are no longer able to speak up to yourself due to injury or illness.
What are the benefits of a revocable trust?
Estate planning for college students
Planning and preparing for the future often happens at pivotal moments in life. That is why many establish an estate plan when they marry, have children, retire, or are diagnosed with an illness. While these are common times to draft or update an estate plan, this does not mean these endeavors should only be undertaken later in life. In fact, the estate planning process can begin just as an individual is embarking on their adult life.
