Under 35? You Still Need an Estate Plan

If you are in your mid-to-late 20s or early 30s, the thought of drafting an estate plan may seem incomprehensible. “Isn’t estate planning for people in their 60s?” some may think. Answer: No. Everyone, including young Gen Xers, needs an estate plan. Why? Because life is precious and you never know when it will end. Here is a prime example – a young married couple died recently in a tragic car accident in Prince George’s County, Maryland. The husband and wife were 34-years-old and 31-years-old, respectively. The news report on this heartbreaking incident mentioned that the couple was simply heading to the grocery store to pick up some items for a family BBQ when their vehicle was struck by an SUV. The young couple had a home and three children. Just think, in the blink of an eye, this family had their lives turned upside down. Three young children will now have to grow...