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When Is The Best Time To Create An Estate Plan?

We all want to set our families up for success when we’re gone. Many times, most people believe that estate planning is something you do if you’re wealthy, have property, or in the later stages of your life. As it turns out, an estate plan is for everyone whether you’re young or old or if you’re wealthy or just starting out on your career path. If you’re like most people, that may come as a surprise to you. 

So let’s get back to the basics: What is an estate plan?

What is an estate plan?

An estate plan is a plan that tells the government (and your family) what happens to your money and personal belongings when you pass away. If you’ve ever thought about what it’s like to leave a legacy for generations to come, drawing up an estate plan is a big part of making that happen. 

It’s a common misconception that estate plans are only for the wealthy, those with businesses or properties to pass down, or for people in their old age. While those are all great reasons to have an estate plan, they’re definitely not the only ones. In fact, if you’re a living and breathing human being and at least 18 years old, you should think about developing an estate plan. This plan tells your family (and the state) what should happen to you, your belongings, your money, and even your children when you pass away. 

What types of estate plans exist?

An estate plan can be simple, or it can include a portfolio of different documents. But most plans include your will, letters of instruction (what people should do with your belongings and who it goes to), powers of attorney documents (both medical and financial), and beneficiary information. 

What is an estate planner? 

An estate planner is someone who helps you with the ins and outs of creating an estate plan. If you’re thinking about creating your estate plan, but have no idea where to start, this person would be able to walk you through the process step by step. 

If you’re young and don’t have a lot of investments, property, or wealth, you may not need to spend your extra resources working with an estate planner. There are some reputable estate planning companies online that can help you do the same thing. 

Do I need an estate plan?

Yes! We believe everyone needs an estate plan no matter what their financial status is. An estate plan will ensure that you are leaving your family and other beneficiaries in good hands when you pass away. 

Like we said earlier, you don’t want the state to decide where your money goes, or your children for that matter. That’s why creating an estate plan as soon as possible is a wise next step for you and your family. In fact, why not put it on your goal list for 2023? If you’re interested in learning more about estate planning or want some help walking through the process, your SageSpring financial advisor is here to help. Contact your advisor today

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Jeffrey T. Dobyns


President, SageSpring | Financial Advisor, RJFS 

Jeffrey T. Dobyns

President, SageSpring | Financial Advisor, RJFS

Beyond crunching numbers and investment strategies, at SageSpring, we’re about building relationships. When you encounter Founder & President of SageSpring, Jeff Dobyns, it’s easy to understand why this is at the very heart of who we are as a firm. You won’t find stuffy formalities with Jeff; instead, you can expect to find him sharing a warm smile, communicating a compelling vision, or patiently untangling life’s complex challenges with clients. He believes in truly getting to know clients, understanding their aspirations and priorities, and navigating their financial plans with a tailored, comprehensive approach. Our team members have often been caught taking notes on Jeff’s effortless relationship skills from a distance, and we admire them for striving to learn from one of the best. 

Jeff’s financial expertise and wisdom are the perfect match to his innate people skills. Jeff holds the prestigious CERTIFIED FINANCIAL PLANNERTM certification, Chartered Life Underwriter (CLU®), and Chartered Financial Consultant (ChLU®) designations, and has held executive positions with financial planning firms for more than two decades. 

His dedication extends beyond the office to the boardroom and the local community, where Jeff is passionate about giving back. He serves as Chairman of the Board of Men of Valor, a prison ministry and mentoring program. Jeff also serves on the board of Send Musicians to Prison, which shares hope, healing and restoration with the imprisoned through musicians & artists. Jeff actively supports other initiatives in the community by sitting on the board of The Signatry of Middle Tennessee and the Halftime Institute of Nashville. 

Witnessing his four children, Gracyn, Hunter, Tanner, and Logan, excel on the field is almost just as rewarding, if not more, than celebrating the victories of seeing his clients overcome obstacles and build wealth. Spending weekends boating on the lake, hiking mountain trails, and fishing with his family are the moments Jeff cherishes most. It’s this grounded perspective that reveals the true meaning of wealth for Jeff: not just numbers on a page, but the freedom to create experiences that enrich your life and the lives of those you love. When you choose the Dobyns McMillin Wealth Team, you choose more than financial expertise. You choose a partner who champions your dreams, celebrates your victories, and walks besides you on the path to achieving your unique goals.

**Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER TM, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.