Your adult life is just getting started. You may be busy establishing your career, buying your first home, or starting your family. The last thing on your mind may be what will happen to your assets or your family if you should die. Yet, because life is uncertain, it is important for you to make your estate planning wishes known, even in early adulthood. Millennials should talk with an estate planning lawyer now to help protect themselves and their loved ones now and in the future.
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Creating an estate plan is an important step in planning for your future. Millennials Should Talk With an Estate Planning Lawyer to minimize the risks now and in the future to their assets and to help prepare for things as they change throughout life. An estate planning lawyer can give you advice about:
- Determining beneficiaries. It’s likely you’ll want your estate plan to include the names of the family, friends, and organizations you want to receive your assets. This may also include people who will benefit from your life insurance.
- Determining who will make medical decisions. If you are hurt and unable to communicate with your doctors, you will need someone to make medical decisions on your behalf. A lawyer can help you create a document that names someone to make those decisions.
- Determining the type of estate planning documents you need. When creating your estate plan, you will likely need a will and a durable power of attorney, but do you also need a trust? An estate planning lawyer can help you decide.
You may have never met with a lawyer before. Yet, you don’t need to worry about your first meeting with an estate planning lawyer. It is your lawyer’s job to gather information to help create an estate plan that is right for you. To learn more, please start a live chat with us today.