20 Jan Estate Planning For Young Adults
Take a look at these points.
As a young adult, you may not think that you need an estate plan. However, you need to have an estate plan, especially since you are over the age of 18. You need to plan for unforeseen circumstances. Nothing is guaranteed in life. What might happen if you pass away at a young age or become disabled later on in your life? Young adults have to think about preparing some estate planning documents. An estate planning attorney can assist young adults in preparing an estate plan.
Estate planning for young adults:
- With an estate plan, you can assist your favourite charities.
- A young adult should have a will. A will lets a young adult designate which person should receive her assets when she passes away.
Now that you know more about estate planning for young adults, all that you need to do is to have an estate plan created. You must have a plan in place for the future, especially as a young adult.
DR MERVIN MESSIAS
JD (Juris Doctor) / BA, LLB (Wits) / TEP (Trust & Estate Practitioner) / MTP (Master Tax Practitioner – S.A)