Estate Planning Tips for Young Adults

Thinking about estate planning can be overwhelming and stressful. At a younger age, you’re compelled to have an estate created, but at the same time, might feel it’s pointless, considering you’re so young. However, having an estate plan is key at any age; especially if you own anything.
Our attorney in Raleigh NC is here to talk with you about the importance of an estate and furthermore, what an estate consists of, so that you're able to familiarize yourself with the documents needed to create one.

What is an Estate? | Attorney in Raleigh NC

An estate is property that is owned at death. That can include any of the following, and more:

  • Homes (including vacation homes or rental property)
  • Vehicles
  • Boats
  • Checking and savings accounts
  • Personal Belongings (jewelry, furniture and more)
  • Investments
  • Stocks

Consider everything you own and assume that these things are all part of your estate. They all need to be included when creating an estate plan.
Most people have an estate when they die. Whether it is large or small, it is still considered an estate. That’s why, no matter what your age is, realizing the need for an estate plan is key.
People of all ages run the risk of having a medical emergency. There’s just no way to avoid it. Though it may just as likely never happen, it’s important to be prepared if it does. Consider planning for medical emergencies so that the person of your choice is able to make decisions for you, during your time of incapacity. Planning for medical emergencies should be a must for everyone, no matter your age. The plan should include the signing of two important legal documents; a Living Will and a Health Care Power of Attorney.
For more information on estate planning for young adults and how to create a sound plan, check back with us for our next post. We will discuss things that may need to be included in your estate planning and more.
Should you need help with estate planning in Raleigh NC, call Eldreth Law Firm, PC . It’s never too early to start estate planning with an attorney in Raleigh NC! We look forward to hearing from you soon.
As always, feel free to contact us with any questions or concerns you may have about legal issues. Also contact us to schedule a consultation if are facing a divorce or custody battle. In addition, our attorney in Raleigh NC is here to help you with all your legal matters, whether it be estate planning, divorce, child custody, trademarking, copyrighting, or DWI issues.

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