Major Life Events That Prompt Estate Planning

Many people delay estate planning until a major life event forces them to think about the future. Marriage or divorce can impact finances and legal rights, requiring updates to wills and beneficiary designations. The birth or adoption of a child prompts parents to establish guardianship and financial security measures. Buying a home or starting a business introduces new assets that need protection and clear distribution plans. Serious illness or injury often serves as a wake-up call to put legal and financial affairs in order, while the death of a loved one can remind individuals to review their own estate plans. Approaching retirement or experiencing significant changes in financial status also warrant adjustments to ensure long-term security. While life events often push people to take action, the best time to start estate planning is before these milestones occur. At Schuitmaker Moraitis Law, we can help you take proactive steps to ensure peace of mind and to protect your loved ones without the added stress of unexpected changes.