29 May 2012 0 Comments

When should I create my estate plan?

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An estate plan is a document that allows you to have a say in what happens to your children and your assets in the event of your death or incapacitation. You should not wait until you become sick or incapacitated to create an estate plan. In addition, you do not have to be rich to have one.  It is never too early to be prepared.

An estate plan needs to be updated any time there is a life-changing event in your life. This includes death, divorce, inheritance, birth, a new home, a new business venture. In the event there are no life-changing events in your life, it should be looked at every 3-5 years to make sure the laws have not changed.

An estate plan includes directives for healthcare, a person who can make major decisions for you, funeral plans, and other important designations.  An estate plan helps unmarried couples because it ensures you and your partner have legal rights related to your specific relationship.

Estate planning documentation will help secure the future for your loved ones.  If you are interested in creating an estate plan, contact an experienced Riverside Family Law attorney who will advise you how to begin, what to put in it, and answer any questions you may have.

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