The concise answer to this question is easy: NOW. If you are old enough to think about what to do with your worldly possessions, you are old enough to plan what to do with them. The common misconception is that estate planning is for old folks with lots of money and expensive things, but it is much more complicated than that. Think of estate planning not as one thing to do before you die but rather as an ongoing process of re-evaluation and adaptation. As you grow and change in your life, so will your fortunes and relationships, so the best time to begin your estate planning is in your 20s.
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