Many people put off creating an estate plan because they worry about what will happen if they change their mind later. “Will it be expensive to rewrite everything? Isn't it better to wait until I'm sure?” While this concern is valid, it shouldn't deter you from taking this crucial step.

Tomorrow Isn't Guaranteed

Life is unpredictable. Having an estate plan in place is crucial. It ensures that your assets are distributed according to your desires and your loved ones are cared for, should something unexpected happen.

Amendments: The Key to Keeping Your Plan Up-to-Date

The great thing about estate plans is that they aren't set in stone. As your life changes (e.g., marriages happen, children are born, assets grow), your plan can evolve, too. Amending an existing plan is significantly easier and more cost-effective than starting from scratch. Most people will update their plans throughout their lifetime as their circumstances and the laws around estate planning change.

Your Estate Plan is a Reflection of Your Life

The key is having a plan that reflects your current situation as it looks today. Beyond asset distribution, your estate plan should appoint individuals you trust to carry out essential roles should you become incapacitated or pass away:

• Executor/Trustee: Choose an executor or trustee who understands your wishes and can manage your estate after your death.
• Healthcare Agent: If you cannot make decisions, appoint someone to advocate for your medical care.
• Power of Attorney: Select a trusted person to handle your financial affairs if you cannot do so.

These are incredibly important decisions. We can help you select the right people for these roles and ensure your plan reflects your goals and values.

Getting Help

While feeling anxious about creating your estate plan is natural, starting the process will give you control and peace of mind. If you’d like to get started, we invite you to contact our Milford will lawyers to discuss your estate planning options today. Let's work together to build a plan that you can feel good about today and as your needs change in the future.

Contact our will and trust planning lawyers in Milford and Hartford, Connecticut.