It’s never too late to start. Estate planning isn’t just for retired people. It’s something adults of all ages should consider. The best time to start planning is NOW. Your first step: take stock of all your assets. These include your investments, retirement accounts, insurance policies, real estate, business interests and valuable items. Decide what you want to achieve with those assets and who you want to inherit them. After this is decided, discuss your plans with your heirs.

After you’ve done that, the next step is to find and hire a qualified estate planning attorney. This is one place in your life where you should not try to do it yourself or work with just any attorney. In other words, this is no time for self-help or being cheap: go out and hire a qualified estate planning attorney.