When should you consider estate planning?
A lot of people think that estate planning is just for people who are terminally ill or old. Because of this misconception, people started associating estate planning with death as more and more people think estate planning with just a last will and testament. This is one of the many reasons why people don’t do estate planning at crucial moments in their lives. According to family law attorney Shane Kersh, there are specific times in one’s lifetime where they are urged to do estate planning. Here are examples of life periods where you should consider estate planning. Changes in your marital status : Whether you’re getting married or getting a divorce, any change to your marital status should be followed up with updating your current estate documents. By doing so, you ensure that your new spouse is added to your estate documents. It can also prevent former partners from demanding properties or funds from the family of their ex-partner. When you get children : After you bec