December 15, 2025

Estate planning isn’t just for the wealthy or elderly. Learn when and why it’s important to create or update your estate plan to protect your family, wealth, and legacy.

One of the most common questions we hear is: “When should I do my estate plan?” The short answer? As soon as you have something—or someone—to protect.

Estate planning is not just for the wealthy or those nearing retirement. It’s for anyone who wants to ensure that their assets, wishes, and loved ones are taken care of. Whether you’re building your career, starting a family, nearing a liquidity event, or entering retirement, estate planning is a proactive tool to safeguard your intentions.

Key Life Events That Signal It’s Time

Here are some pivotal moments when estate planning becomes especially important:

1. Marriage or Divorce
Tying or untying the knot changes your financial and legal responsibilities. An estate plan ensures your spouse or ex-spouse is properly accounted for—or excluded—based on your wishes.

2. Having or Adopting Children
If you have young children, your estate plan allows you to name guardians, set up trusts, and provide financial security for their future.

3. Buying a Home or Significant Asset
Purchasing real estate or other major assets adds complexity to your financial life. An estate plan helps you protect these assets and determine how they should be passed on.

4. Starting or Selling a Business
Business owners need clear succession and contingency planning. Whether you’re just launching or preparing to exit, estate planning protects your business and personal interests.

5. Health Concerns or Diagnoses
Estate plans include healthcare directives and powers of attorney—critical tools if you ever become incapacitated.

6. Receiving an Inheritance or Windfall
If you’ve recently come into significant assets, an estate plan can help preserve and grow that wealth across generations.

7. Retirement Planning
As you transition out of your career, updating or creating your estate plan ensures your legacy aligns with your goals.

Why Sooner Is Better

Estate planning is about preparation, not prediction. Waiting for a “perfect time” often results in missed opportunities—or unnecessary complications.

By acting early, you:

• Gain control over who inherits your assets
• Minimize tax burdens
• Prevent family disputes
• Ensure your medical and financial decisions are honored if you can’t make them yourself

Even if you think you don’t own “enough” to need an estate plan, remember: it’s not just about assets. It’s about people. Planning is an act of care for those you love.

Estate Planning Is Not One and Done

Your life evolves—your estate plan should too. Major life changes (marriage, children, moves, new assets) are natural triggers to revisit your documents. A periodic review, at least every few years, ensures your plan still reflects your current intentions.

Take the First Step—Or the Next One

At Omni Legacy Law, we guide clients through personalized estate planning with clarity and compassion. Whether you’re creating your first plan or updating an existing one, we help you:

• Define your goals and values
• Protect your loved ones and your legacy
• Stay ahead of legal, tax, and life changes

Ready to Plan with Purpose?

• Book a legacy planning review with Omni Legacy Law
• Explore how an estate plan can support your family, your business, and your future

Let’s make sure your plan is ready—when life happens.

This blog was developed with the assistance of AI-based tools for research, drafting and editing support (Chat GPT), and reviewed by OMNI 360 personnel for accuracy and relevance.