Estate Planning – It’s Not Just for Your Grandma! [Video]

Did you know that only about 24% of Americans between the ages of 18-34 have an estate plan? This is often because people just don’t realize that they need one.

Estate planning isn’t just for the “old” or “rich” anymore!

Yes, parts of your estate plan relate directly to your assets, and your estate plan will look different at various stages of your life – but that doesn’t mean you should wait to create one. In fact, there are parts of an estate plan that apply to every adult, age 18 and up!

In this video, Ellen will discuss the things that younger adults should consider for their estate plans. She’ll also give you ideas about how to modify your plan as you age and as your life changes. And she’ll share things you may want to discuss with your parents regarding their own plan.

00:00:00 Do you wanna know a shocking statistic?
00:00:02 Importance of Estate Planning
00:00:15 Concerns for Young Parents
00:00:28 Estate Planning for Adults in Their Twenties and Thirties
00:00:35 Determining the Need for an Estate Plan
00:01:17 Assets and Probate Avoidance
00:01:55 Revocable Living Trust and Pour Over Will
00:02:13 Naming Guardians for Minor Children
00:02:54 Personal Experience and Realization
00:04:31 Incapacity and Estate Planning
00:05:10 Durable Power of Attorney
00:05:21 Advanced Health Care Directive
00:05:46 Revocable Living Trusts
00:05:58 Life Changes and Estate Plan
00:06:43 Multi-Generational Estate Planning
00:07:45 Dynasty Trust Incorporation
00:07:54 Benefits of Dynasty Trust
00:08:27 Importance of Estate Planning

If you have any questions, please don’t hesitate to contact our office! https://cookmanlaw.com/talk-to-intake-team/

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