Generation Y, or more commonly known as Millennials, are reaching the stages in life that include the start of their career, first day of college, buying their first house or car… Let’s just say it’s a lot of “firsts.”
You can imagine when the term estate planning reaches their ears, it doesn’t automatically turn into a priority; what happens is their face goes from normal to confused. Although understandable, it’s certainly a topic that its importance should really be explained thoroughly.
Think about it.
What if there’s a couple in a domestic partnership and something happens to one of them? If there’s not an estate plan intact, the surviving partner has little-to-no say in the matter of what happens to the other’s belongings or finances.
Even for the young families. What’s next if something happens to the parents? Who will step in?
Take a look at the sourced article for further insight on these scenarios, and spread the word that estate planning really shouldn’t begin at the age of 40 or 50, but sooner.estate planning, finances, millennials