When Should I Start My Estate Plan?

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When Should I Start My Estate Plan?

The only time that you can prepare and implement an estate plan is while you are alive and have legal capacity to enter into a contract. If you are unable to manage your own affairs or suffer from some other disability which affects your legal capacity, your estate plan may be effectively challenged by those who assert that you lacked capacity at the time the documents were created, that you were subjected to fraud, coercion or undue influence during the creation and implementation of your plan.

Other Estate Planning FAQs

Q: What Is Estate Planning?
A: Estate planning is a process to consider alternatives for, to think through, and to set up legally effective arrangements that would meet your specific wishes if … More
Q: Does It Make Sense To Use An Attorney? Is It Expensive?
A: Only an attorney who regularly practices in the fields of wills, trusts, probate and estate planning is able to provide you with really sound legal advice as you put … More
Q: What Sorts Of Instructions Are Made As Part Of An Estate Plan?
A: An estate plan consists of one or more documents that set forth instructions. Some documents are used to control health care decisions, others control your property in … More
Q: What About Books On Estate Planning?
A: As you begin the process caveat emptor (let the buyer beware). There is a lot of information out there; while some of it is very good, some is misleading at best. … More