Estate planning is normally associated with elderly couples planning inheritances for their descendants, but it’s never too soon to start planning for the future. Even unmarried young people want to leave particular items to certain loved ones, or want to have control over their own medical decisions, should the worst occur. Below are a few reasons to begin estate planning now rather than later.

Why You Should Start Estate Planning Early

1. You’ll Control Who Gets Your Belongings

In most states – including Hawaii – your spouse will get the entirety of your estate if you pass away without a will. If you’re single, your belongings will go to your named beneficiary or your closest living relative. This may be perfect for your situation. However, if you have belongings you want to leave to friends or other family members, writing a will is the only way to ensure those wishes are respected.

2. You’ll Prevent Conflicts Between Loved Ones

Grief almost always brings out strong emotions, potentially sparking conflicts between close family members. Estate planning will defuse many of these family feuds before they begin, even if your loved ones disagree with your decisions.

3. You’ll Express Your Wishes About Medical Decisions

Accidents and severe illnesses strike people of all ages, so even young, healthy people need to prepare an advance medical directive. These documents give you the power to make crucial decisions about end-of-life care, accept or refuse life support, or describe acceptable outcomes if you’re unable to communicate with your doctors.

4. You’ll Empower Others to Manage Your Finances

If you’re incapacitated, you might assume that your spouse or other family members will be able to pay your bills and manage your finances. Unfortunately, this may not be the case without going through a complex legal process. A durable power of attorney will give someone you trust the lawful authority to handle your financial affairs if you’re unable to do so.

If you’re looking to begin estate planning, turn to the Law Offices of Neil T Nakamura & Associates. With 40 years of experience, this firm has the expertise to protect your legacy. Their practice is dedicated to giving everyone solutions tailored to their needs and providing the most affordable service possible. Visit their website for an overview of their services, follow their Facebook for updates, or call (808) 945-7645 to schedule a consultation at their office in Honolulu, HI. To speak with someone at their Aiea office, call (808) 488-1719.