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Ask Dave

When Should I Start Planning?

Dave tells Nina that she wouldn't like to see what it'd be like if the state had to create her last will and testament for her.

QUESTION: Nina asks when estate planning becomes relevant, as well as about family trusts.

ANSWER: It’s relevant if you have income, a spouse or a child. If you don’t have a last will and testament in place, the state will create one for you. Even if you would be here to see it, you wouldn’t like it.