Should I wait to create an estate plan until I know exactly whom I want to leave everything to?

No. You don’t need to have every answer before you begin.

One of the misconceptions about estate planning is that you need to walk into an attorney’s office already knowing exactly what you want.

You don’t.

The estate planning process is designed to help you think through those decisions.

We can talk about the people who matter to you, your responsibilities, what you have been entrusted to steward, and what you would want to happen under different circumstances.

And remember: deciding who receives your property is only one part of an estate plan.

  • Who should manage your finances if you cannot?
  • Who do you trust to make healthcare decisions for you?
  • Who should handle your affairs after your death?
  • Who should serve as a backup if your first choice cannot?

Your answers may also change as your life changes. Estate plans can generally be updated while you have the legal capacity to make those changes.

You don’t need to have everything figured out to start planning.

Sometimes starting the conversation is how you figure it out.