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Adults of all ages should have an estate plan in place

The estate planning process is something that many young adults tend to associate with older people. This isn't a good thing at all. Any adult, no matter how old they are, should have an estate plan in place since nobody can definitively say when they will pass away.

We know that thinking of your death isn't something that many people consider pleasant. The thought of your loved ones having to guess what you want to happen in your final days and after your death is even more unpleasant.

An estate plan isn't only about writing out a will to let people know what to do with your assets. The estate plan should also address who is going to make medical care decisions and financial decisions for you. Some of your wishes about these matters can also be included in your estate plan.

It is imperative that you take the time to make your estate plan right away. The need is even more urgent if you have children. You need to make plans for your children, such as naming a guardian for each child and providing provisions that will help the guardian to care for the child.

If you already have an estate plan in place, you need to remember to reevaluate the plan on a regular basis. Your birthday, the first of the year or another easy to remember date might help you ensure you are always on top of getting this review done. You should also review the estate plan and update it if you have something big change in your life, such as if you get married or divorced. We can help you with all of these situations.

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