It has long been the assumption that people at their half-life should begin estate planning to protect what they have worked for. Folks in their 40’s and 50’s are generally established in their careers, have acquired assets and bolstered their bank accounts, and perhaps have adult children or retirement on the horizon. And while it makes good sense that these factors would motivate such a person to have a solid estate plan in place, creating a will, as it turns out, has little to do with money or age.
Estate planning is entirely about planning for the unexpected. I will highlight a few reasons why having a will very much pertains to young adults:
Although it’s a little morbid to think about, death is inescapable. And while I don’t believe any of us should be motivated by fear, being prepared with an estate plan at any age creates peace of mind. How you choose to protect your assets and those you love in your estate plan will change and grow with you over time, so now is the perfect time to simply begin.
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