According to many statistics, too few Americans are planning or saving enough toward their retirement goals and fewer than half have made a Will or considered developing an Estate Plan. Many believe that estate planning is something that is done near the end of a productive life, but nothing could be further from the truth. Estate Planning is an ongoing process, sometimes difficult to begin, but once the groundwork is developed the reviews/changes/alterations to the Estate Plan become as 'second nature'.
Adults with children are one of the groups at greatest risk when they do not have an Estate Plan. The court system is a poor alternative to parents' well-conceived plans for the welfare of their own children. That is not to say that courts do a poor job of trying to create a safe environment for minor children if the parents are no longer able to do so. However the system is not a substitute for having legal documents in place where the wishes of parents are clearly defined. If you do not decide, the courts will do it for you!
So..begin your planning early, be consistent, and review often when life events change.
My website offers a pie chart of my unique four- stage estate planning process. You will find it in the drop down menu under 'Infographics'
"Working to Preserve Your Wealth and Protect Your Future...in a Constantly Changing World"
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