As you make your way through your 20’s, it is likely your life will change in many ways. From graduating college to landing your first job, your situation will begin to evolve. On top of this, you may purchase a home and start a family.
With so much going on, it can be difficult to find time to create an estate plan. While you may think you have plenty of time to deal with this in the future, there is no point in waiting any longer.
Protect your Family
Not everybody starts a family while they are in their 20’s, but this is quite common. If you get married and/or have a child, it is time to create a comprehensive estate plan that covers all the necessary details.
What would happen to your home and other assets if you were to unexpectedly pass away? Have you setup your spouse as your beneficiary on all life insurance and bank accounts? Who will take care of your child in the event that both you and your spouse pass on?
These are the types of questions to ask and answer during the estate planning process. If you neglect to create an estate plan, all these questions will go unanswered. Subsequently, you are not doing everything you can to protect your family.
Note: in addition to your own estate plan, make sure your parents have planned for the future. If they do not have a will or trust, along with other key documents, take it upon yourself to help them complete the process.
Your 20’s are a time to have fun while getting your start in the “real world.” This means creating an estate plan. Once you do this, you will feel better about the future. And remember, you don’t have to do this alone. We can help you create an estate plan you will feel good about.