When should you get an estate plan?

Share This Post

When to Get an Estate Plan in New York

Estate planning is a crucial step in securing your financial future and ensuring that your wishes are honored in the event of incapacity or passing. In New York, as in many states, there are specific laws and considerations that dictate when you should create an estate plan. At Morgan Legal Group, we understand the importance of estate planning under New York State law, and in this comprehensive guide, we’ll explore when you should get an estate plan and why it’s essential.

1. Major Life Events

One of the primary triggers for creating or updating an estate plan is experiencing major life events. These events may include:

  • Marriage: When you get married, you may want to establish how your assets will be shared and provide for your spouse.
  • Divorce: After a divorce, it’s crucial to update your estate plan to reflect changes in beneficiaries and assets.
  • Birth or Adoption: Welcoming a child into your family may necessitate naming guardians and setting up trusts for their care.
  • Death of a Spouse or Beneficiary: When a beneficiary or spouse passes away, you may need to revise your plan to designate new beneficiaries or address inheritance issues.

2. Aging and Health Concerns

As you age, your estate planning needs may change. It’s advisable to create or update your estate plan when you reach significant milestones such as retirement, diagnosis of a serious illness, or concerns about long-term care. Proper planning can help protect your assets and ensure your healthcare preferences are respected.

3. Accumulation of Assets

As you accumulate assets over time, it becomes increasingly important to have an estate plan in place. Estate planning can help you manage and distribute your assets efficiently, potentially reducing estate taxes and avoiding probate delays.

4. Business Ownership

If you own a business, your estate plan should address the future of your business assets. Succession planning can help ensure a smooth transition of your business to the next generation or new owners.

5. Charitable Intentions

If you have charitable intentions or want to leave a legacy, an estate plan can help you create a charitable foundation or make specific bequests to your chosen charities.

6. Peace of Mind

Even if you haven’t experienced major life events or health concerns, having an estate plan can provide peace of mind. Knowing that your assets are protected, your family is cared for, and your wishes are documented can alleviate stress and uncertainty.

Why Choose Morgan Legal Group?

Morgan Legal Group is a trusted estate planning law firm in New York, dedicated to helping individuals and families navigate the complexities of estate planning under New York State law. Our experienced attorneys provide personalized guidance and tailored estate plans to meet your unique needs and circumstances. With our expertise, you can protect your assets and ensure your loved ones are provided for.


Knowing when to get an estate plan in New York is a critical decision that can safeguard your financial future and legacy. Whether you’ve experienced major life events, have concerns about aging and health, or simply want peace of mind, estate planning is a vital step. At Morgan Legal Group, we are here to assist you in creating a comprehensive estate plan that aligns with New York State law and reflects your wishes.

Contact us today to discuss your estate planning needs and take the first step toward securing your assets and protecting your loved ones.

DISCLAIMER: The information provided in this blog is for informational purposes only and should not be considered legal advice. The content of this blog may not reflect the most current legal developments. No attorney-client relationship is formed by reading this blog or contacting Morgan Legal Group PLLP.

Got a Problem? Consult With Us

For Assistance, Please Give us a call or schedule a virtual appointment.
Estate Planning New York Lawyer Estate Planning Miami Lawyer Estate Planning Lawyer NYC Miami Lawyer Near Me Estate Planning Lawyer Florida Near Me Dental Near Me Lawyers Probate Lawyer Hallandale Beach Probate Lawyer Near Miami Estate Planning Lawyer Near Miami Estate Planning Attorney Near Miami Probate Attorney Near Miami Best Probate Attorney Miami Best Probate Lawyer Miami Best Estate Planning Lawyer Miami Best Estate Planning Attorney Miami Best Estate Planning Attorney Hollywood Florida Estate Planning Lawyer Palm Beach Florida Estate Planning Attorney Palm Beach Immigration Miami Lawyer Estate Planning lawyer Miami Local Lawyer Florida Florida Attorneys Near Me Probate Key West Florida Estate Planning Key West Florida Will and Trust Key West Florida local lawyer local lawyer mag local lawyer magazine local lawyer local lawyer elite attorney magelite attorney magazineestate planning miami lawyer estate planning miami lawyers estate planning miami attorney probate miami attorney probate miami lawyers near me lawyer miami probate lawyer miami estate lawyer miami estate planning lawyer boca ratonestate planning lawyers palm beach estate planning lawyers boca raton estate planning attorney boca raton estate planning attorneys boca raton estate planning attorneys palm beach estate planning attorney palm beach estate planning attorney west palm beach estate planning attorneys west palm beach west palm beach estate planning attorneys west palm beach estate planning attorney west palm beach estate planning lawyers boca raton estate planning lawyers boca raton probate lawyers west palm beach probate lawyer west palm beach probate lawyers palm beach probate lawyersboca raton probate lawyers probate lawyers boca raton probate lawyer boca raton Probate Lawyer Probate Lawyer Probate Lawyer Probate Lawyer Probate Lawyer Probate Lawyer best probate attorney Florida best probate attorneys Florida best probate lawyer Florida best probate lawyers palm beach estate lawyer palm beach estate planning lawyer fort lauderdale estate planning lawyer in miami estate planning north miami Florida estate planning attorneys florida lawyers near mefort lauderdale local attorneys miami estate planning law miami estate planning lawyers miami lawyer near me probate miami lawyer probate palm beach Florida trust and estate palm beach Miami estate law Estate lawyers in Miami