What Can't I Forget in My Will Now that I'm 50?

Without a will, decisions about your property and assets fall to local courts, making an already difficult time harder for loved ones.

Key Elements to Include in Your Will After 50

Plan for Incapacity

A 2021 Caring.com survey revealed that nearly two-thirds of adults lack a will, and many don’t consider planning for potential incapacity. Working with an experienced estate planning attorney to create a power of attorney document ensures someone you trust can make decisions if you become mentally incapacitated or disabled.

Go Beyond the Will

A comprehensive estate plan addresses more than just asset distribution. It should include provisions for who manages your affairs if you’re unable to do so yourself. Advance planning allows you to maintain control over your future while avoiding court involvement in these critical decisions.

Designate Backup Decision-Makers

Always name successor agents or alternates for every role. People in their 50s often overlook this step, assuming their children will always be available. However, your chosen representatives might become incapacitated, pass away before you, or be unavailable when needed. Multiple backups provide essential protection.

Keep Your Will Current

Life changes require regular will reviews – ideally every few years – to ensure your document reflects your current wishes. Store the original copy in a secure location, whether with your attorney or another safe place, and maintain knowledge of its whereabouts.

If you or a loved one needs assistance with estate planning, do not hesitate to contact The Stegall Law Firm. We are here to help.