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Estate Planning: Is it too early to plan? Too late?

March 31st of 2015 marked the 10 year anniversary of the death of Terri Schiavo, the young Florida woman who collapsed abruptly in her apartment and then remained in a vegetative state for over 15 years. A highly publicized and controversial 15 year battle ensued between Terri’s parents and husband. Ultimately, the court made Terri’s end-of-life decision on behalf of her and her family. Terri brought to light the fact that estate planning may help eliminate stress and court involvement in these tragic situations.

If you have a living will or power of attorney, you are on the right track. Ideally, any adult should have these documents in place during their life – whether 18 or 88 years of age. There are other important estate planning documents which come into play after your life, such as a will or a trust, which should be established during your life. If you have either of these documents, you are likely still on the right track. However, you should think about a few things: How long ago was your estate plan created? Has it been reviewed or updated in the past few years? Did an estate planning attorney help you? Have you experienced any major life changes? It may be time to revisit your estate plan.

If you are one of the nearly 50% of Americans who do not have an estate plan in place, today is as good of a day as any to start.

We understand that no estate plan is the same. Whether you have an elaborate plan in mind or need help determining where to begin, the estate planning attorneys at Onda, LaBuhn, Rankin & Boggs Co., LPA can help you understand how proactive planning can save you and your loved ones stress, time and expenses. Please contact Brittany M. Pace via telephone at (614) 716-0500 or email at [email protected] to discuss your next (or first) step to an effective estate plan.

Posted on Thursday, October 8th, 2015 at 8:17 pm and filed under News and Press.

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