Creating a will is a crucial step in estate planning, yet many people delay this important task. At JDKatz, we believe that understanding when to make a will can alleviate concerns about the future. In today’s post, we’re breaking down some of the most crucial things to consider as you decide when the right time to make a will is. Learn more below, then get in touch with us today.
Life Changes
Major life events such as marriage, divorce, the birth of a child, or the loss of a loved one often signal the need for a will. These changes can affect your assets and your desired beneficiaries. Updating your will ensures your wishes are accurately reflected.
Age Considerations
While many believe that wills are only for older individuals, the reality is that anyone over the age of 18 should consider having a will. Young adults, especially those with dependents or significant assets, should establish a will to protect their loved ones.
Asset Complexity
If you own property, have retirement accounts, or manage investments, it’s crucial to have a will. A comprehensive will helps distribute these assets according to your wishes and can make the process smoother for your heirs.
Peace of Mind
Ultimately, having a will provides peace of mind. Knowing that your wishes will be honored and that your loved ones will have guidance in managing your estate can relieve the stress associated with uncertain future scenarios.
As you can see, the right time to create a will is now! Don’t wait for life events to prompt you. Contact JDKatz Attorneys at Law to schedule a consultation with our Maryland estate planning attorneys and ensure your wishes are legally documented and protected. Your loved ones deserve clarity and security, and a will can provide just that.