Estate planning is not only for older, wealthier individuals. Rather, financial experts and estate lawyers make it clear that it really is never too early to start the estate planning process. There are some key factors to keep in mind when it comes to estate planning for people under the age of 35.
Focus on the Essentials
When it comes to estate planning for people under 35, the basics – the essentials – typically are most important. Of course, there are instances in which a younger person accumulates a more significant amount of assets at an early age in life. However, that is the...
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December2015
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December2015
Death and money represent two subjects that most folks do not want to discuss. This reality underscores the difficulty of a family estate planning conversation – both subjects come together in one discussion. Despite the inherent challenges of an estate planning conversation with family members, it must be done. There are four tips to consider when contemplating an estate planning conversation with the family. Take a Proactive Approach to an Estate Planning Conversation Do not wait until a crisis exists to engage in an estate planning conversation with family members. Rather, a...
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December2015
The prospect of dying while a parent has minor children in the home is a grim thought. Fortunately, this is not a common occurrence. Nonetheless, it can happen – a parent with minor children can end up dying. Indeed, there are instances in which both parents tragically die in the untimely event, underscore the need to consider wills and child custody. With this reality understood, parents need to make certain that their estate plans include a last will and testament that includes provisions for their children. Such provisions need to include the possibility that both parents pass and are...
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