How to Complete Estate Planning Without Making the Most Common Errors
Sometimes people make estate planning even more complicated than it really is. At other times, people fail to understand the nuances and make errors that could easily have been avoided. Either way, there are a few key elements to making sure that your estate plan is prepared properly.
- Get it done now – The worst thing you can do with estate planning is to wait. If an emergency arises, you become incapacitated, or you pass away suddenly, it’s too late to go back and have your estate planning done in time.
- Remember to plan for medical care – Preparing your financials is one thing, but preparing an advance medical directive is another key component of estate planning.
- Review your plan on a regular basis – Not only should you review your estate plan every year, but you should also review it right away if you have a life-changing event such as a marriage, divorce, birth, adoption, etc.
If you get going on your estate plan now, remember to include medical decisions, and review your plan regularly from here on out, everything should be in order when your family needs it most.
Planning for Your Future in the San Diego Area
Petrov Law Firm is helping families with estate planning in the San Diego, Chula Vista, and North County areas. Call us today at 619-344-0360 to schedule a consultation, and make sure that your plan for the future is in place today. Our expert estate planning attorneys are ready to help you get started.