Thursday, January 21, 2010

When is the Right Time to Begin Your Estate Planning

Do you know the right time to begin your estate planning? The answer surprises many people.

When I posted this question online, the only person who had the right answer was my friend and real estate expert, Lea Rogers.

The right time to begin your estate plan is before ANYTHING happens. I know, it sounds trite, and this is not a trick question. I mean before anything happens. That is the right time to begin your estate planning.

So, if that is the right time, before anything happens, then the real time to begin is now. Right now, because that is the only way you can be sure to begin before anything happens.

Lea correctly used the example of the terrible earthquake in Haiti to illustrate what we mean by anything. Accidents, illnesses, disabilities are, for the most part, unpredictable events. Because life is unpredictable, we can create some certainty in our lives by completing our estate plans. If we do this now, before anything does happen, we know that we have started our planning at the right time for us.

So, the answer to the little question that started this article is NOW. Now is the right time to begin your estate plan.

If you already have an estate plan, then now is the right time to review that plan.

Bernie Greenberg

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