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Estate Planning for Millennials
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All of us want to protect our legacy and our family’s assets but, as we grow older, 70% of us will require some type of long term care services, which can average $7000/mo or more. Unfortunately, many families are not aware of the implications of long-term care, Medicaid vs. Medicare benefits, and how this impacts an individual’s wealth or assets.
So, we have developed this Long Term Care Planning Checklist to help you and your family plan ahead. This can serve as the ice-breaker for tough, but necessary conversations and provides thoughtful answers to questions like:
- How will you or your family pay for long-term care?
- Planning at least 5 years ahead can save you and your family hundreds of thousands of dollars.
- Why you need Powers of Attorney in place before a crisis or health issue?
- The 4 legal documents everyone needs NOW!
Estate Planning for Millennials and young adults is just as important as estate planning for seniors. Although many young adults think death is “years away,” this kind of thinking often leaves children, pets, and other loved family members with a lot of questions and turmoil, if the unexpected occurs.
Estate planning for Millennials and young adults is especially important too, because many are often in non-traditional or non-marital relationships. If you or your partner are in a non-marital relationship and one of you dies, and you do not have a will, the deceased partner’s assets will go straight to their biological family members, leaving their partner with nothing. Estate planning is key to ensuring your partner is cared for.
In this Guide to Estate Planning for Millennials and Young Adults, we provide answers to common questions and misconceptions like:
- Why working with an estate planner is not just for the wealthy and older adults,
- How to use our ePlan365 platform to allow family members access to important documents in the event of emergency,
- How to protect and care for pets with a trust and/or guardianship
Download the Estate Planning for Millennials Guide to learn everything you need to know to give your family the priceless gift of estate planning!