Creating an estate plan early in life provides proper security for you and your family in case of tragedy.
It's advised to start thinking of estate planning at the age of eighteen.
For young couples, it's critical to know that assets will be properly distributed to care for dependents.
It is possible to create an estate plan, but attorney Douglas McLaughlin advises against it.
One of his current clients illustrates his example.
"The forms that people can buy lead them to believe that estate planning is relatively simple, and it's not” McLaughlin said.
“It's quite complex, and unfortunately these people didn't recognize that and now they're going to spend thousands and thousands of dollars when otherwise they'd have just spent a few hundred dollars to do a correct will with an attorney."
Waiting too long may actually end up costing your family more.