Why Young People Need An Estate Planning Attorney: A Guide for Young People Making Plans for the Future

ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF

WHY YOUNG PEOPLE NEED HELP FROM AN

ESTATE PLANNING ATTORNEY

A Guide for Young People Making Plans for

the Future


ESTATE PLANNING IS NOT JUST FOR THE ELDERLY

Many people think estate planning or elder law services are only useful for seniors.


This is not true- elder law and estate planning attorneys help people of all ages, including

younger people.


KEY REASONS WHY YOUNG PEOPLE NEED

ESTATE PLANNING HELP


There are lots of reasons why younger people need estate

planning help.


A few key reasons why younger people should get help with estate

planning include the following.


PLANNING FOR RETIREMENT


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.


Social security may not be enough to live on and you may not have an

employer pension.


You need to take control over your retirement savings.


PROVIDING FOR YOUNG FAMILIES


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.


An estate planning attorney helps you understand the insurance you need and the steps you can take to provide for and protect your family.


GUARDIANSHIP FOR YOUR CHILDREN


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.


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.


PROTECTING YOUR GROWING WEALTH

If you are amassing assets as you work and earn money, you also need to protect your growing

wealth.


If you make plans early, you can ensure that things like high nursing

home bills won’t eat into your savings as you age.


AVOIDING HARD CHOICES ON MEDICAL

CARE


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.


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.


GETTING LEGAL HELP


An experienced estate planning lawyer can help you to be prepared for an uncertain future by creating

a comprehensive estate plan.


Or visit our website www.sinclairprosserlaw.com

Nicole Livingston

Jon J. Gasior

Colleen SinclairProsser

Victor A. Lembo

Law

Why Young People Need An Estate Planning Attorney: A Guide for Young People Making Plans for the Future