Am I Too Young to Have an Estate Plan?

Reaping the Benefits at Any Age

When many people hear estate planning, they think of it as something for the very old or terminally ill. But the truth is that everyone should have an estate plan in place, no matter how young. Here are just some of the important benefits of having an estate plan regardless of age.

Your Wishes Will Be Honored

Having an estate plan means you can name people to inherit your property and assets after you die. This benefit of having an estate plan can be especially important if you have children from different marriages or want to ensure your pets are taken care of.

You Can Protect Your Children

With an estate plan, you can appoint someone as a guardian for your children if something happens to you. This is especially important if you are not married and do not have any family members who are able to take care of your kids.

Your Family Can Avoid the Probate Process

Depending on what you include in your estate plan, your family can avoid probate, which can be both lengthy and rather costly; if they cannot avoid it, the process can at least go more smoothly. Probate is the legal process through which your estate is distributed after you die. With an estate plan in place, your assets will be distributed according to your wishes without going through probate court.

Work With an Estate Planning Attorney

There are many benefits to having an estate plan, no matter how young you are. If you don't have an estate plan in place already, now is the perfect time to start thinking about getting one. Talk to an estate planning attorney and discuss your options. You may be surprised at how much easier things will be for your loved ones in the future.

If you're ready to create your estate plan, turn to the team at Law Office of Mark M. Childress. We will sit down with you and review your situation to help you make an estate plan that meets your needs and those of your loved ones.

Learn more about estate planning in Texas or schedule a consultation by calling (817) 497-8148 or visiting our website.