What Age Should I Create an Estate Plan in New York?

What Age Should I Create an Estate Plan in New York?

Contrary to popular belief, you do not need to wait until you have children to create an estate plan. In fact, in most states, you can create an estate plan beginning at eighteen years old. Anyone who has built up assets can benefit from a plan. Reach out to our experienced New York estate planning attorneys today to learn more about the process and when the best time is for you to get started on yours.

What does an estate plan involve in New York?

Most people will think of a will when they hear estate planning. However, while a will can be an important part of planning for the future, estate planning includes elements beyond that. Estate planning can include anything from advanced health care directives to plans for your pet in the event of your passing. Additionally, your plan will change as your life changes. It is recommended to create a framework as soon as you can, so all you have to do is update it as needed.

When is the right time to begin estate planning?

There is no formula to determine when the perfect age is to begin making an estate plan. Creating an estate plan can be beneficial at any age. It is important to begin preparing your plan as soon as you begin to acquire your own assets.

If you have any questions regarding when you should begin creating your estate plan, do not hesitate to contact the Law Office of Andres D. Gil, PLLC to learn more.

Can I create my estate plan on my own?

Many will try to create an estate plan on their own, however, in some cases, it can do more harm than good. Because these documents are so important, they must be created and filed in a certain way. Therefore, using a DIY estate planning site might not be your best bet.

At the Law Office of Andres D. Gil, our legal team is seasoned to help guide our clients through estate planning from the ground up. Contact our firm today to get started on yours.

Do I need to add my digital assets when estate planning?

Technology has become a prevalent part of everyday life. Millennials will most likely have several digital assets. This can include logins and passwords to online banking, social media, websites, cryptocurrency, and more. By appointing a digital executor to handle your assets upon passing, you can ensure that your digital assets will not be left out of your estate plan.

If you have questions regarding estate planning or would like to ensure your digital assets are accounted for, contact our firm today to discuss your case.

Contact our Firm

If you or a loved one needs assistance creating an estate plan and wishes to speak with an experienced attorney, contact the Law Office of Andres D. Gil, PLLC today.

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