Estate planning is something that all adults need to think about. Many people think that this is something that only needs to be addressed by elderly people. This isn’t the case. As soon as you are considered an adult, you need to address what you want to happen in your final days and after your death.
Millennials are often some of the people who don’t think too much about estate planning. If you are a Millennial, right now is the time that you need to think about estate planning matters. We can help you to find out what you need to work on to get your affairs in order.
You have to think past a will when you think of an estate plan. While the will is the backbone of many estate plans, it is something that you might not need or that might be very simple at this point. There are plenty of other things that you need to think about that don’t involve a will.
You should think about powers of attorney. These designations will help you ensure that you and your affairs are taken care of if you can’t make the decisions on your own. You need to choose someone to handle your financial affairs and someone to handle your medical affairs.
If you have children, you should think about guardianships for your children. You don’t want them to end up in foster care due to lack of planning.
We know that you might want to find out exactly what you need to do to get your affairs in order. The answer to this must be individualized based on your circumstances.