Q. I am a middle age divorcee who lives in a condominium complex with people of all ages, some who rent and others who own. My next door neighbors are a 60-year-old couple who have been married for 35 years, and on the other side of me is a single mom with a daughter in
college. The people across the hall from me are newlyweds, and the ones directly above me are an engaged couple, both embarking on their second marriages.
Recently, we had a building get-together and I got to talking to some of the neighbors about Estate Planning and Incapacity Planning, among other things. I was surprised to learn that the daughter of the single mom has her planning done,
while the couple married for 35-years does not. I don’t have my estate planning or incapacity planning done either, but I don’t own my condo or have much in the way of financial assets. When the topic came up, I told my neighbors that you answer Elder Law and Estate Planning questions in your newsletters, and that I would ask you about Estate Planning and Incapacity Planning at different stages of life to clear up any confusion. What we want to know is: when is a good time to get Estate Planning
and Incapacity Planning done, and why is it important for someone like me, or my neighbors, to have it in their stages of life? Thanks for your help!
