Is There a Certain Life Stage or Event When Someone Should Start Thinking About a Will?

A Will is a living document, meaning that it can be updated all throughout your life. I strongly suggest that if any life changing event happens, people should make/update their Will. Some examples of life changing events include purchasing real estate, getting married or divorced, and having children, 

~ Aashini Shrivastav, Esq

Key Facts About When to Create or Update a Will

1. A will isn’t just for the elderly or wealthy. It’s a practical tool for adults at nearly any stage of life, especially after a significant change.
2. Major life events signal the need for a will or an update these may include:

• Turning 18
  • legal adulthood means you can and should make your own legal decisions.
• Purchasing real estate or valuable assets
  • Ensure your property is distributed according to your intentions.
• Getting married, entering a domestic partnership, or getting divorced
  • Life changes affect inheritance rights and personal responsibilities.
• Having or adopting children
  • Safeguard their future by designating guardianship and financial support.
• Starting a business
  • Define how your business interests are managed in unforeseen circumstances.
• Receiving a large inheritance or financial windfall
  • Proper planning prevents complications and optimizes asset distribution.

Estate planning is more than a financial strategy. It’s peace of mind for both you and your family. By taking proactive steps now, you prevent legal uncertainties and ensure your legacy reflects your values. Contact Cardinal Wills today to secure your future.

Need Guidance?

Navigating estate planning can be complex, but you don’t have to do it alone. Ashini Shrivastav, Esq., from Cardinal Wills is available to provide expert assistance tailored to your needs. Contact Cardinal Wills today to ensure your estate planning is handled with precision and care.