{"id":267,"date":"2023-09-28T00:00:00","date_gmt":"2023-09-28T00:00:00","guid":{"rendered":"https:\/\/encompagniedeschiens.ca\/?p=267"},"modified":"2023-11-29T15:19:03","modified_gmt":"2023-11-29T15:19:03","slug":"when-is-the-right-time-to-start-estate-planning-for-elderly","status":"publish","type":"post","link":"https:\/\/encompagniedeschiens.ca\/when-is-the-right-time-to-start-estate-planning-for-elderly\/","title":{"rendered":"When Is the Right Time to Start Estate Planning for Elderly?"},"content":{"rendered":"

Over the years, estate planning for older people has gained prominence due to its overarching importance. At its core, estate planning is managing and disbursing an individual’s estate to avoid probate litigation, eliminate uncertainties, and maximize its value by reducing taxes and other expenses. However, understanding the right time to start estate planning and the steps involved can significantly enhance its efficacy.<\/span><\/p>\n

The Meaning of Estate Planning<\/strong><\/h2>\n

Estate planning encompasses concrete measures to manage an individual’s financial affairs after their demise or incapacitation. This process provides a roadmap for the fair and equitable distribution of assets according to the individual’s wishes while ensuring that the beneficiaries are well-catered for.<\/span><\/p>\n

Understanding the Components of an Estate<\/strong><\/h3>\n