Is it worth it write a Last Will and Testament when you are still in your 20s or 30s? What if you are still single or don’t own your first home yet? The fact is that responsible estate planning isn’t about your age or how much you own. Here are three reasons millennials should have a will.
- You have the energy – If you don’t, imagine how much worse it will be in another 10 or 20 years. Now is the time to take care of things that consume time and energy but are necessities, and that includes estate planning.
- You should be making healthcare decisions in advance – Estate planning isn’t just about deciding who gets your stuff. You also need to make advance medical decisions and appoint someone to carry out your wishes if you are every unconscious or incapacitated.
- Accidents happen – We hope this never happens to you, but if you end up the victim of a tragic accident, you want to make sure your family is taken care of, and that means planning in advance for the worst-case scenario.
Care for Your Loved Ones with Estate Planning
Estate planning shows your love and concern for your family goes beyond just the time that you get to be with them. This is how you show your affection even after you are gone. Call 619.344.0360 today to speak with a professional estate planning attorney at Petrov Law Firm. Let us help you to plan ahead for the future in the state of California.Read More
Writing up a will is not the first thing on the mind of most people in their 20s. After all, you are probably in good health, and it is unlikely that you have amassed a major fortune that early in life unless it was left to you by the previous generation. So what is the point of estate planning in your 20s? Here are three reasons you want your affairs in place:
- Accidents happen – A car accident or some other fatal accident can affect anyone at any time. Having an estate plan in place is a kindness for surviving family members who will be bereft enough by the tragic and premature loss of such a young loved one.
- Medical decisions – A living will allows you to make medical decisions in advance. If you become incapacitated due to an accident, injury, or illness, you can make medical decisions in advance including appointing someone who can make choices for you.
- Keep the peace – This is a unique opportunity to have your funeral arrangements set out the way you would want them to be handled. Whether you want a burial or cremation, the family doesn’t have to wonder or fight over what you may have said to various family members or friends at one time or another.
Estate Planning Is for Everyone
At Petrov Law Firm, we believe that estate planning is important for everyone. So if you are a resident of Southern California, speak to one of our estate planning attorneys by calling 619-344-0360 today. We can help you to prepare for your future.Read More
Most young people think that estate planning is what you do when you retire as a grandfather and want to make sure your assets go to your favorite relatives. However, accidents happen, and that means any adult should have the necessary documents in order, even if you are in your 20s and are the picture of good health. Here are two important reasons for starting your estate planning young.
If a Fatal Accident Occurs
Sometimes, accidents happen. Whether you have started a family as a young person or still live at home with mom and dad, you want to be sure that end-of-life decisions are in place. How do you want the funeral to be carried out? Are you willing to be kept alive on life support, even if there is a degree of medical certainty that you will never recover? Especially when a tragic accident occurs, it can be difficult for family members to make these decisions. Making them in advance is a kindness to your loved ones.
If Wrongful Death Is Involved
What if the fatal accident is caused by a drunk driver, a defective product, an avoidable work accident, or another situation in which wrongful death may be involved? Having your estate planning in place may help survivors to start a wrongful death suit. An executor can do so on behalf of the estate. Otherwise, whoever would be next as far as intestate succession is concerned would suddenly be confronted with this responsibility.
Now Is the Time for Proper Estate Planning
If you live in the San Diego area, come and see us at Petrov Law Firm. Regardless of your age, it is never too soon or too late to get your estate planning in order. Call 619-344-0360 today to get started with one of our experienced estate planning attorneys.Read More