Estate Planning in your 20s and 30s.
June 16, 2015
Think you are too young for an estate plan? Think again. As a person in your 20s or 30s, estate planning may not seem like a high priority. It is easy to put off thoughts of writing a will or developing a trust. After all, you are young and have plenty of time to take care of things later, right? Not necessarily. No one can predict the future. Anything could happen. Why not make certain you have a plan in place that protects your future and provides peace of mind for your loved ones should the unexpected occur?
You have different assets to protect and different concerns about the future of your young family. We can help you put a plan in place that makes your wishes known, but provides for adaptability as the years go by.
A majority of our younger clients are just entering the world of home ownership and parenthood. During these exciting times, it is critical to put a plan in place that provides direction in case the unforeseen occurs. Should you and/or your spouse unexpectedly pass away, protecting your home through a will or trust and providing for your children through naming a guardianship can ensure your final wishes are carried out and make things easier for those left behind.
It is also wise for those choosing to establish estate planning documents in their 20s and 30s to create an advance health care directive, or living will, stating their wishes pertaining to the use of artificial life support. Without an advance health care directive in place, choices about your quality of life are controlled by law and not by you or those you love.
Tags: Estate Planning