At what age should I get an estate plan?
It is generally recommended that adults who have assets and property to their name create an estate plan as soon as possible, regardless of their age. While it may be more common for individuals in their later years to have an estate plan in place, unforeseen circumstances can occur at any time, and having an estate plan can provide peace of mind and ensure that your wishes are carried out in the event of incapacity or death.
Young adults who are just starting their careers and accumulating assets may not have a significant estate, but they may still benefit from having an estate plan. For example, a young adult who owns a vehicle or has a life insurance policy may want to designate beneficiaries for these assets in case of an unexpected death.
As people age, their estate plans may become more complex and involve a wider range of assets and beneficiaries. However, it is important to remember that an estate plan is not a one-time event, and it should be updated periodically to reflect changes in personal circumstances, assets, and laws.
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