Having a will in place ensures the distribution of your estate is handled according to your wishes. It allows you to give final gifts to the people you love and care about and have a hand in the legacy you leave. But when is the right time to hire an attorney to start writing one? Though it is never too early or late to begin drafting the document, below are a few instances in which it is especially vital to do so.

As You Get Older

If you avoided creating a will when you were younger, now is the time to start drawing up this crucial document. The future is guaranteed to no one, and you want your loved ones and your legacy protected in the event of your death. Without one, the distribution of your estate is decided based on your state's intestacy laws. For anyone who has gotten married, started a family, adopted, or divorced, it is crucial to begin naming—or excluding—beneficiaries and deciding how you want your assets gifted. 

When You’re Accumulating Wealth

Accumulating wealth in this sense does not necessarily mean when you're getting rich, though, that too is a satisfactory reason to start a will. Rather, it refers to earning an income that allows you to put some money aside, make large purchases — such as property — or investing in stocks and money markets. Any adult of legal age who has money, assets, property, or other financial interests should also have a will.

Upon Receiving a Substantial Inheritance

Money or property that you inherit can make a profound difference in your life and finances. As with previous instances, you want these items safeguarded in the event of your death. To ensure your wishes and best interests are reflected, contact a lawyer to explore your options for handling the bequest and drafting an air-tight document.

Let an experienced attorney design the will and other estate planning documents you need to craft the legacy you most want to leave. For over 30 years, Robert A. Schwartz in New York has been representing clients throughout the Rochester area in estate matters, offering quality guidance to ensure the document they create reflects their desires and best interests. Call (585) 334-4270 or visit him online to arrange a free case evaluation today.