Many young people believe that estate planning is something only senior citizens or those with a lot of assets need to worry about. However, life is unpredictable, and even the healthiest people may be involved in an accident. In these situations, a carefully drawn-out estate plan will ensure that your wishes about medical care, your funeral service, and the distribution of your assets will be respected.

Why You Should Start Estate Planning Early

1. Naming a Guardian for Your Children

Young people who are just starting a family may need estate planning more than most, especially with young children. If something were to happen to you and your spouse, a will allows you to nominate a guardian to provide for your kids. Otherwise, the court will select a family member to raise them without considering the quality of your actual relationships.

2. Expressing Your Wishes About Medical Care

No matter how often you’ve verbally expressed opinions about medical care, the only way to ensure you receive the desired type of treatment is to prepare a living will. These documents allow you to leave instructions about life support, give or withhold consent for medical procedures, and describe which outcomes you would accept.

3. Empowering Others to Act on Your Behalf

If you’ve recently bought a house or started a business, you might think that your spouse or partners would be able to manage your affairs if you’re incapacitated. Unfortunately, this is not always the case. To allow those you trust to act on your behalf, an estate planning professional will draw up durable powers of attorney giving them the ability to make medical decisions, sell property, or engage in business transactions in your name.

No matter your age or the complexity of your assets, Wills and Trusts Hawaii in Honolulu provides the estate planning expertise and detailed services these important matters deserve. Whether you’re writing a will for the first time or updating your documents, their friendly professionals will guide you through the process and ensure your wishes are clearly expressed and legally binding. To schedule a free consultation, visit their website or call (808) 792-8777 today.