The Timeline of Estate Planning and Why It Matters

When it comes to estate planning, milestones can make a big difference. Getting married. Starting a family. Approaching retirement. And caring for aging parents.

Planning ahead with those benchmarks in mind can save time, protect life savings and avoid costly proceedings like probate or unnecessary long-term care expenses.

On this Life Happens Radio podcast, attorneys Aaron Connor and Frank Hemming share an ideal estate planning timeline that will help you keep your plan on track. That includes actions for:

• What to do when a child turns 18

• When you should creating a will and other advanced directives– at adulthood, upon marriage, or…?

• What stage of life a revocable or irrevocable trust makes sense

• What age you should consider long-term care insurance or asset protection for eventual Medicaid

• When applying for Medicaid, the critical dates that get you coverage the fastest