{"id":351,"date":"2024-03-19T00:00:00","date_gmt":"2024-03-19T00:00:00","guid":{"rendered":"https:\/\/mediaresearch.ca\/?p=351"},"modified":"2025-01-30T12:45:25","modified_gmt":"2025-01-30T12:45:25","slug":"when-should-you-begin-estate-planning","status":"publish","type":"post","link":"https:\/\/mediaresearch.ca\/when-should-you-begin-estate-planning\/","title":{"rendered":"When Should You Begin Estate Planning?"},"content":{"rendered":"

Estate planning may sound like something reserved for the wealthy or those well advanced in years, but here’s a little secret: it’s a step every adult should consider. It involves organizing your personal affairs and deciding what happens to your assets after you’re gone or if you become unable to handle them yourself.<\/p>\n

Now, before you think this is too morbid a topic for a casual chat over coffee, why is it a proactive and responsible move that can save you and your loved ones a heap of stress and confusion down the road?<\/p>\n

Understanding Why Estate Planning Is a Must<\/h2>\n

When we talk about estate planning, we’re talking about more than just wills. It’s a package deal that includes powers of attorney, healthcare directives, and, often, trusts. But guess what? You don’t have to own a sprawling mansion or a treasure chest of family heirlooms to need an estate plan.<\/p>\n

Do you have a bank account? A car? Perhaps a beloved pet? Well, my friend, you have an estate, and you’ll want to have a say in what happens to it.<\/p>\n

The Right Time to Begin Estate Planning<\/h2>\n

If you’re wondering if there’s a magic age to start estate planning, the answer is now. Yes, really. Estate planning is not just about your golden years; it’s about making sure you’re prepared for the what-ifs in life, like accidents or sudden illness, regardless of your age. Here are some life events that should trigger you to start thinking about your estate plan:<\/p>\n