It is a misconception that estate planning is only appropriate when you are old or wealthy. Starting your estate planning early, like retirement planning, has substantial benefits and addresses both your immediate and long-term needs. Particularly new families should begin estate planning early.
Some issues to address in early estate planning include:
- Guardianship of children and others in the event of death or disability.
- Caretaking for others for whom you are responsible.
- Funding those who will care for your children and others.
- Deciding asset division before marriage, particularly for blended families.
- Avoiding the delays and costs of probate.
- Determining how
