The Importance of Estate Planning for YOUNG PROFESSIONALS
Estate Planning brings peace of mind, allowing you to focus on advancing your career and achieving a healthy work-life balance. Establishing a comprehensive Estate Plan is particularly beneficial for young professionals who are seeking to accumulate wealth, buy their first home, pay off student debt and secure their family’s future.
Power of Attorney: Establishing a Power of Attorney allows you to elect a trusted individual as your agent to make financial decisions on your behalf, including paying bills and student loans, writing checks, and making purchases if you
Advance Directive for Health Care: If you should suffer a serious injury or illness which leaves you impaired, unconscious or unable to communicate or make sound decisions regarding your healthcare, you will need to have an Advance Directive for Health Care in place to ensure your wishes are followed.
Revocable Trust: With a revocable trust, you retain control over your assets during your lifetime, allowing you to manage them as you see fit, make modifications, and avoid probate for beneficiaries!
Last Will and Testament: By creating a Will, you will be among the few who will ensure the final distribution of hard-earned assets and be able to choose guardians for underage children.
If you or someone you know is eager to get started or learn more, contact our office for a consultation today!