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At Estate Planning Lawyer Brooklyn we work with all populations. Up until a few years ago, estate planning was regarded as a general term – with seniors and millennials understanding the concept the same way.
Times have changed rapidly.
As time goes by and lifestyles change, research has found out that the estate planning needs for millenials are totally different from the needs of other age groups.
In 2020, we define a millennial as someone born between 1982 and 2000. As part of this group, your estate planning needs differ from the needs of your parents, or anyone older than you. To find out where you lie, talk to your local Estate planning attorney to start planning.
At Estate Planning Lawyer Brooklyn we are here for you to help!
Ask any millennial to write down a list of future plans, and you will be surprised that 90 percent will be all about career progression and upcoming vacation plans. Their mind is focused on graduating, getting a good job, finding a spouse, starting a family, purchasing a home, and exploring the world. Way down the list will be a scribble, not clearly brought out, on planning their estate. Odds are 90 percent of them won’t have this vital task on the list.
This comes as no surprise, given that the concept of designing legal documents, investment plans, possible trusts, and powers of the attorney for financial and medical well-being is jargon, especially to those that are not yet married, or that don’t have much wealth.
Many people believe the best period to start handling these plans is when they hit 45 years or later – a big mistake. The truth is that a well-laid out estate plan should be at the top of your list, whether you are 20 years old or 50 years old.
Most millenials brag about their financial prowess, how they handle money well – this is good, but it isn’t enough. Part of being responsible with your life and your finances is to plan.
Estate Planning Lawyer Brooklyn is happy to offer you all the services to cover your legal needs!
Call us anytime (347) 803-2467!
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