Toll Free: 800-645-2911
StachlerHarmon
Phone: 937-608-9398
Focused and Effective Representation

Planning your estate as a young professional

It's never too early to start thinking about planning your estate. If you are a young adult, it's likely that you don't have a lot of assets, and therefore you may think that planning your estate is unnecessary at this stage in your life. However, the benefits of planning your estate go far beyond the distribution of assets.

By planning your estate, you can state your wishes regarding certain possibilities - such as you becoming ill or incapacitated. Additionally, planning your estate early in your life will set up a good foundation for years to come -- when you do acquire significant assets. You should take the time to consider the following questions before planning your estate as a young professional.

Who can I trust to be my Durable Power of Attorney?

If you become seriously ill and are no longer able to give consent to certain medical treatments, giving someone your durable power of attorney can allow that person to make decisions on your behalf. It's common for people to appoint their siblings, significant others or adult children for this role.

Who would I want to inherit my assets?

If you pass away without an estate plan, your assets will be distributed according to intestate law. If you have a specific person or charity in mind who you would want to inherit your assets if you passed away, you need to state this in your estate plan.

If you want to start your estate planning journey as a young adult, you should reflect fully on your wishes before taking action.

No Comments

Leave a comment
Comment Information
  • Ohio State Bar Association | Connect.Advance.Succeed
  • Federal Bar Association | ORG Jan 5th 1920
  • Dayton Bar Association 1883
  • Super Lawyers
Email Us For A Response

Tell Us About Your Legal Need

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

7810 McEwen Road, Suite B Dayton, OH 45459 Toll Free: 800-645-2911 Phone: 937-608-9398 Fax: 937-461-5981 Dayton Law Office Map

Review Us