When Should I Consider Having an Estate Plan?

Squiggle Support Team

Last Update 3 months ago

Short answer:

Now is the best time to have an estate plan.


Here are some pointers to help you decide:


Estate Planning is Not Just for the Elderly

Contrary to common belief, estate planning isn't only for older individuals. Even if you're in your 30s, setting up a basic Will, Power of Attorney, or Healthcare Directive is necessary for managing your affairs in case of unforeseen circumstances.


It's Good Financial Planning Management and Family Protection

If you have assets, having an estate plan is all about asset management and ensuring your loved ones are cared for and not burdened with administrative hassles in the event of your death. It's the basis of good financial planning.


Avoiding Future Complications

Having an estate plan in place ensures you provide a clear set of instructions for managing your affairs once you pass away. This reduces the potential for potential family disputes and legal issues. It also ensures that your medical and end-of-life wishes are respected.


Your Loved Ones Will Be Grateful

Creating an estate plan is a thoughtful gesture for your family and friends. It offers them clarity and guidance during challenging times and alleviates the stress of handling an unplanned estate.


Don't put this off. Your loved ones will thank you for it later!




Need to know more?


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