Many young adults assume they won’t need a simple or comprehensive estate plan until they’ve created or inherited a size able amount of wealth. However, all adults, especially those who are married or have children, need estate plans to protect their legal interests.
After all, none of us know when we may suddenly become the victim of a severe pedestrian or auto accident – or receive a devastating medical diagnosis. When you have a basic Will, it can greatly simplify matters for your loved ones if you become too incapacitated to manage your own finances or even pass away.
The following information helps explain why no one should want to continue being one of the approximately 60% of American adults who are without a Will or estate plan.
While it may be a bit uncomfortable requesting documents that directly address your own possible incapacitation or death – the peace of mind you and your loved ones will gain always makes the effort worth it.
Key reasons why all younger adults can benefit from a Will or comprehensive estate plan
While many younger people request an entire set of estate planning documents, others are more comfortable just requesting a Will that will cover all their current, limited possessions.
Please feel free to contact one of our Murray Lobb attorneys so we can provide you with the estate planning advice you currently need. We’ll always be available to answer any questions you have and update your legal paperwork as your life changes and moves forward.
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