Some decisions shape the course of your life…and your legacy. A promotion. A new baby. A milestone birthday. Life is full of big, beautiful changes. But while these moments deserve celebration, they also come with responsibility. And one of the most powerful things you can do for your future and your family is to make sure your legal plan grows alongside your life.
At Colin Smith Law, we often work with clients who say, “I’ve been meaning to do this for years.” Life gets busy, and estate planning falls to the bottom of the list. But certain life moments are natural turning points. They’re reminders that your future (and your family’s peace of mind) deserves protection.
Here are five life milestones that should prompt a second look at your legal plan, or motivate you to create one for the first time:
1. You Got Promoted
With greater income comes more to protect. A higher salary, stock options, or bonuses may mean a shift in your financial priorities and long-term planning.
If you have dependents or loved ones who rely on your income, now’s the time to ensure that income is safeguarded, especially in the event of illness, incapacity, or death. An updated will, trust, or power of attorney can ensure your assets are handled the way you want.
2. You Bought a House
Your home isn’t just your biggest investment, it’s the place where life happens. And how it’s titled and protected matters.
Many clients don’t realize that property ownership can become legally messy if the unexpected occurs. Questions about ownership, inheritance, and probate can tie up families in legal red tape for months, or even years.
Planning now means clarity later.
3. Your Child Turned 18
This one surprises people, but when your child becomes a legal adult, you can no longer make medical or financial decisions for them without proper documents in place.
A simple estate planning package for your adult child, including powers of attorney and a HIPAA authorization, can make all the difference in emergencies. It’s one of the greatest gifts you can give them as they step into adulthood.
4. You Started a Business
Entrepreneurship is a major accomplishment, and a major liability if it’s not protected properly.
An estate plan that includes your business can ensure:
- A clear succession plan if something happens to you
- Protection for your family from business-related debts or taxes
- Long-term sustainability of your brand and income
Whether your business is brand new or booming, it’s worth planning for.
5. You Finally Feel Like a Grown-Up (Sometimes)
Let’s be honest: “adulting” can be hard. But if you’re at a point in life where you’re paying your own bills, managing a household, or helping care for others,you’re already making major life decisions.
Why not make one that brings lasting peace of mind?
When in Doubt, Plan It Out
Estate planning isn’t just about death. It’s about life. The one you’re building, the people you’re protecting, and the legacy you’re shaping. These life moments aren’t just milestones, they’re opportunities to take action.
And you don’t have to figure it out alone.
Let’s make a plan that fits your life, exactly as it is right now.
Contact us today to get started → www.colinsmithlaw.com.
