The Listen to Lawrence Letter: At what age should I begin to create an estate plan?

February 6, 2023
January 4, 2023 • Volume 4 Issue 104
Dear Clients and Friends,

I hope you all had a wonderful holiday season and that

the New Year is getting off on the right foot. This

LISTEN TO LAWRENCE LETTER begins our fourth year

of this communication. I look forward to continuing

this journey with you. Keep your questions coming!


I am 65 and thinking about retirement. I have been self-employed for 38 years. At what age should I begin to create an estate plan?


The correct answer to this question is 18. At 18, you are old enough to sign all of the estate planning documents that you need. At 18, you are no longer a minor. At 18, your parents have no right to sign your name. At 18, you should have a Will, Power of Attorney, Living Will, and a Health Care Proxy. This is an appropriate estate plan for this age. Tell your children and grandchildren to get their estate plans done! It is important.

At 65, retiring or not, you still need an estate plan, but your concerns will be different. At 65, you will have more money to protect, more taxes to consider, and planning for death and long-term care is beginning to seem more urgent. Ah, to be 18 again, without a care in the world! 😊

I hope this helps! Please forward this email to your friends and relatives to share these informative answers to some very commonly asked questions.


And, if anyone you know would like to receive this

Listen to Lawrence Letter, just have them email me at and I’ll add them to the list!


As always, please send me your questions. If you are thinking about it, others are probably too, so my answers will no doubt help you and many others.

Let’s stay connected.

Stay safe!


Until next time...peace, health and happiness. Lawrence Eric Davidow