Planning for the future is a prudent venture at every stage in life, regardless of age, wealth and health status. Estate planning requires looking to the future and laying the groundwork to ensure that the distribution of assets, health care and other matters are handled according to the wishes of a California adult. This means it is necessary to think long-term throughout the planning process.
Even with an estate plan, checking in regularly is an essential step. As life changes, so should estate plans, especially after significant and life-altering events such as marriage, the birth of a child, new grandchildren, divorce or the death of a beneficiary. These types of plans are fluid as the needs and objectives will not remain static for the duration of a person's life.