Estate Planning For Different Life Stages And Circumstances

Last updated on May 27, 2025

Drafting an estate plan is crucial for California families. However, the tools you choose for your plan depend on your stage of life. A young parent has different needs and goals than someone approaching retirement. Your unique circumstances help determine how to structure your estate plan for the best results.

We can assist every step of the way here at WealthPLAN, PC. Our estate planning attorneys bring decades of combined experience, and our office was founded in 1996. We are known for our client-focused approach and deep legal knowledge. Our lawyers can help you tailor an estate plan that works for your circumstances and your family.

Different Stages To Consider In Estate Planning

To get a better sense of how estate plans can differ, here are some common life stages where estate planning becomes essential:

• Young families: Parents of minor children need an estate plan because children cannot directly inherit. Assets may need to be placed in a trust, and parents may want to choose a guardian to raise their children in the event of an untimely passing.
• Retirees/seniors: Older individuals are usually focused on asset preservation and long-term care planning. Medical decisions and the use of a medical power of attorney are common concerns at this stage.
• Blended families: With complex family dynamics, estate plans may need to address a broader range of beneficiaries while aiming to reduce conflict between family members.
• Families with special needs: A special needs trust can help protect a beneficiary’s eligibility for important government benefits that could be lost with a direct inheritance.
• Business owners: A business succession plan can help transition ownership to the next generation or help ensure that business assets are properly distributed or sold.

As you move through these stages of life, it is crucial to review and update your estate plan to reflect your current goals and circumstances.

Contact Our Estate Planning Lawyers For A Consultation

If you would like to meet with us to discuss your needs, call 408-918-9030 or use the online contact form. We have three convenient office locations in San Jose, Palo Alto and Pleasanton. You can count on us to help you achieve your goals regardless of your current life stage.