At what age should someone start their estate planning?
April 5, 2007 1:03am CST
I was thinking of doing a will because I hear so many horror stories about people that didn't take care of their business and the family ends up paying a lot of taxes. Do you think there is a right age or should everyone over 18 years old have one? Perhaps age doesn't matter but what matters if you own property? Anyone have any advice on this?
• United States
5 Apr 07
It's hard to say. You could die at any time (not to be morbid). For me, it wouldn't make much sense to have a will since I don't own much. But if I owned a house and actually had it planned out who I wanted it to go to, I would do one. For now, I don't own much. Perhaps I could leave my harmonica collection to someone.