You have likely heard of a will. But, it is a distant concept. Your parents and grandparents have spoken of it, but no one your age really mentions it. Many young people believe that estate planning is something to put off until later in life, but the reality is, you can, and should, begin the estate planning process as early as possible.
At What Age Can I Begin Estate Planning?
In most states, you can create a will at the age of 18. Many people believe they do not need a will until they have children, but this is not the case. Anyone who has assets of any kind should make a will. We all have possessions we care about, regardless of our ages.
What Does Estate Planning Entail?
A lot goes into estate planning, so it is always a good idea to get a head start. You may want to create a will, trusts, a power of attorney, and an advance healthcare directive, in addition to any other documents that may be beneficial to your estate. For more information regarding these documents and how they may be beneficial to you, contact our firm.
Can I Create an Estate Plan Without an Attorney?
The short answer is yes. You can find DIY will templates and other fill-in-the-blank estate planning documents online. While you can technically create these documents without the help of an attorney, it may not go as planned. Because these documents are so important, they must be created and filed a very specific way. Doing it without an attorney can lead to mistakes. This can cause a lot of problems down the line. For example, if you create a will online, it may be found invalid in the event of your passing, which would cause a lot of undue stress for your loved ones.
Protecting Digital Assets?
As you likely know, millennials are fully immersed in the digital world. This means they most likely have several digital assets. These can include logins and passwords, websites they own/contribute to, cryptocurrency, and more. You can appoint a digital executor to handle these assets.
If you are interested in beginning the estate planning process, reach out to experienced our firm today. We are here to help people of all ages and backgrounds plan their estates.
Contact our Firm
Sometimes, divorce, family, and estate matters are difficult to navigate. Fortunately, they do not have to be with the assistance of a compassionate, knowledgeable attorney who is willing to guide you every step of the way. If you need a seasoned firm to help you with any divorce, family or estate-related matter, please do not hesitate to contact Collis & Griffor today to schedule a consultation.