When should you start your estate plan?
Abstract: The consequences of delaying estate planning too long can be devastating to surviving family members. This article notes that if someone dies without a last will and testament, for example, state law might end up deciding who receives that person’s assets. It further points out that without a medical directive, an individual’s wishes with regard to end-of-life care decisions might not be followed. The article explains that even people who have created estate plans should review them periodically.