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 become a parent, it’s not enough to entrust your child’s future to godparents if something terrible may happen to you and your spouse. Once you have children, you must add them to your will and testimony to make sure that their proper inheritance is protected and their future secured. Shane Kersh notes that this is perhaps the most opportune moment one should consider estate planning.

When you come into money: There are some breaks in life where we suddenly get a lot of money. This can come in the form of an inheritance, a promotion at work, or even by winning a cash prize from a contest. With the sudden influx of cash, it’s always a good idea to know where it should go in the event of your untimely passing.

Shane Kersh and Kersh Law Firm aim to help people who are going through tough times because of divorce. Aside from helping clients reach the best agreement with the opposing party, Atty. Kersh also assists clients in issues such as order modification, child support, Texas marital property, mediation, and CPS defense. For more insightful reads on family law, visit this blog.

Comments

  1. mehulkamdarJanuary 11, 2023 at 9:07 AM

    Pompous drivel from a jury convicted ex-convict! Love how a convicted criminal offers financial advice! ROTFLMAO!

    https://www.chron.com/neighborhood/pearland/news/article/Kersh-law-firm-official-oppression-convicted-13840755.php

    ReplyDelete

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