Many people believe that estate planning is exclusively for elders. Contrarily, younger folks, including millennials, can benefit from having an estate plan of their own.
Millennials are generally defined as individuals born between 1981 and 1996—that is, people between the ages of 25 and 40. This is the age at which many people begin their careers and start families of their own. If you have a child, you should at the very least have a last will and testament. It allows you to name a guardian for your minor children, which helps ensure they will be raised according to your wishes if you and your spouse pass away unexpectedly.
Another reason millennials need an estate plan is to ensure people of their own choosing can make medical and financial decisions on their behalf in the event of incapacity. Legal documents such as powers of attorney for health care and finances can accomplish this goal and spare your loved ones from having to make difficult decisions about your care and/or finances if you can no longer make them yourself.
Schedule a Consultation Today With Our New York Estate Planning Attorney
Estate planning can help you accomplish many other goals depending on your particular needs. Alatsas Law Firm will work with you to create an estate plan that fits your unique needs—explaining your options in jargon-free terms so you can make informed decisions about the best way to proceed. Our Brooklyn estate planning attorney Theodore Alatsas can create your estate plan or update your existing documents to ensure they still fit your needs. Our firm is conveniently located for residents of Brooklyn, Queens, and Staten Island. Our ground floor office is handicapped accessible with a subway stop and two bus lines nearby.
We know that dealing with legal issues affecting your family can be stressful, but we will proactively work to provide you with peace of mind as you move forward. Contact us online today to schedule a free, no-obligation initial consultation, or call us at 718-233-2903.