Why Estate Planning Isn’t Just for Old People (Or Rich People)

October 17, 2024

I get it. You’re young, healthy, and don’t own a mansion, so why would you need an estate plan? Isn’t estate planning for, like, rich people and grandparents? Nope. Not at all.

In fact, estate planning is for anyone who wants to protect their loved ones—whether you own a yacht or a couple of bicycles. And here’s why it matters.

Let’s talk about David, one of my clients. He’s in his 30s, owns a small business, and just bought his first home. David didn’t think much about estate planning until one day his buddy mentioned, “What happens to your business if something happens to you?” That question hit David like a ton of bricks.

He realized that his family would be left with a big mess if he didn’t have a plan in place. His business? No one would know how to run it. His house? It would be tied up in probate for who knows how long. So, he came to me, and we got it all sorted out. Now, David has a will, a trust, and peace of mind knowing that if something happens, his family won’t be left dealing with a legal nightmare.

Here’s the deal: whether you’re 25 or 75, having an estate plan isn’t just smart—it’s essential. And the best part is, it’s not as complicated as you think.

  • A Simple Will: Even if you only have a few things, a will makes sure they go to the right people.
  • Trusts for Bigger Assets: If you own a home or have a business, a trust is a lifesaver.
  • Medical Directives: Don’t leave your healthcare decisions to chance. You get to decide how you want things to go if you can’t speak for yourself.

Estate planning is about taking care of the people you care about—so they don’t have to deal with a mess later.

So, whether you’re a parent, a business owner, or just someone who wants to make sure your dog ends up with the right person (yes, we can plan for that too), let’s chat. Request a consultation and let’s make this quick and painless.

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