Is Estate Planning (Last Will) only for Old People?
People often assume estate planning is something to do when you have a family or are elderly. Still, it can begin as early as your late teens. When parents talk with their kids at the dinner table, estate planning probably doesn't come up, but considering they aren't immortal, it should. It's worth having age-appropriate conversations to introduce children to the idea of estate planning as children grow older; parents can provide more specifics about their plans and eventually assist their children in developing their own plans as adults. Run them through your estate plan . If you have an estate plan in place, consider running your children through it so they have an idea of what's included in one. Talking through your estate plan also gives your children a chance to know important information, such as who you have chosen as a state executive or administration, the person who manages your estate after you die, and who has Power of Attorney for financial and health...