We’ve all been hearing lately about the young invincibles, and whether or not they’ll buy health care. Just as important a question: Will they create an estate plan?
Many people create a will when they have children, but you never know if that’s too long of a wait. The fact is: Everyone over the 18 should have at least a basic estate plan in place.
So what does an estate plan look like when you’re young and “invincible”?
For one answer, take a look at this great piece, “Estate Planning 101” on ValueWalk.com. It’s a good place to start – not only for the young, but anyone planning for the future.
For example, for people who are committed to a life partner but not legally married:
“a will is essential if you want your property to pass to your partner at your death. Without a will, state law directs that only your closest relatives will inherit your property, and your partner may get nothing.”
Read the full story at ValueWalk: http://www.valuewalk.com/2013/10/estate-planning-101/
[Photo credit: Dewayne Neeley, via Flickr]