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ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
WHY YOUNG PEOPLE NEED HELP FROM AN
ESTATE PLANNING ATTORNEY
A Guide for Young People Making Plans for
the Future
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
ESTATE PLANNING IS NOT JUST FOR THE ELDERLY
Many people think estate planning or elder law services are only useful for seniors.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
This is not true- elder law and estate planning attorneys help people of all ages, including
younger people.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
KEY REASONS WHY YOUNG PEOPLE NEED
ESTATE PLANNING HELP
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
There are lots of reasons why younger people need estate
planning help.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
A few key reasons why younger people should get help with estate
planning include the following.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
PLANNING FOR RETIREMENT
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
Young people can get help setting
money goals and finding out how to make the best use of tax-
advantaged accounts like IRAs, which can help them to save for
retirement.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
Social security may not be enough to live on and you may not have an
employer pension.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
You need to take control over your retirement savings.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
PROVIDING FOR YOUNG FAMILIES
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
If you have a spouse or kids depending upon you, you need to
find out how to make sure they are provided for financially and cared for even if something happens to
you.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
An estate planning attorney helps you understand the insurance you need and the steps you can take to provide for and protect your family.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
GUARDIANSHIP FOR YOUR CHILDREN
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
If you have kids, you also need to make sure you have chosen a guardian to care for them if
something happens to both parents.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
You should consider setting aside money for kids as well, and think carefully about who will manage that money and how it will be
managed on their behalf until they become adults.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
PROTECTING YOUR GROWING WEALTH
If you are amassing assets as you work and earn money, you also need to protect your growing
wealth.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
If you make plans early, you can ensure that things like high nursing
home bills won’t eat into your savings as you age.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
AVOIDING HARD CHOICES ON MEDICAL
CARE
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
You also need to be prepared with an incapacity plan and advanced
directives for medical care, as something could happen to you at any time- even when you’re young.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
You don’t want to put your family in a difficult position of making life-
and-death medical decisions without providing insight into your
wishes.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
GETTING LEGAL HELP
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
An experienced estate planning lawyer can help you to be prepared for an uncertain future by creating
a comprehensive estate plan.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
Or visit our website www.sinclairprosserlaw.com
Nicole Livingston
Jon J. Gasior
Colleen SinclairProsser
Victor A. Lembo
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