Friday, January 10, 2020

Estate Planning Tips for Millennials

While estate planning is important no matter what age you are, many who are at a younger age, such as Millennials, can tend to put their estate planning efforts on hold until they are older. Our estate planning lawyers at the Lake of the Ozarks are here to urge you to get your estate plan together as soon as possible. You never know what is going to happen in life and the sooner you get a plan in place, the sooner you won't have to worry about it anymore. You also need to keep your plan updated as your life changes. For example, if you get married and have children and you put in your estate plan that you would like your spouse's mother to the be the guardian but then she passes away or you get divorced and change your mind, then you need to update your will with the current guardian you are choosing. Gibbons Law Firm is here to give more estate planning tips for Millennials in this week's blog. If you have any questions, please give us a call today at 573-348-2211 for your free consultation.

Estate Planning Tips for Millennials

You have the opportunity to include your partner in your plan.
Many millennials are waiting until later in life to get married or are just not getting married at all. Cohabitation can be a big trend too, where partners will live together and be in a long-lasting relationship but they don't get married. If you want to leave some of your priceless possessions to your significant other, an estate plan can allow for that to happen.

Protect your children in the event of your untimely passing.
A will allows you to name a guardian to care for your minor children in the event you pass away. While no one wants to think about their death, wouldn't you rather have a say in who cares for your children if you are no longer able to?

Donate to your favorite charity.
It has become a trend where you can leave some of your assets to your favorite charity upon your passing. Ask your estate planning attorney at the Lake of the Ozarks about this during your consultation if it's something you are interested in.

Protect the business you have worked so hard to create.
You can leave behind detailed instructions for what happens to your business and how you would like that handled in your will.

All of us here at Gibbons Law Firm hope you found this blog enlightening. Again, we urge you to make an estate plan, if you haven't already. You can never predict what's going to happen in life and no one ever knows when it's their time to go. We are here for you. Give us a call today to get your estate plan created, we can be reached at 573-348-2211. You can also follow us on our social media channels listed below to stay up to date on all our latest announcements.

Remember, your initial consultation with Gibbons Law Firm is always free.

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Gibbons Law Firm
2820 Bagnell Dam Blvd, Suite B4
Lake Ozark, MO 65049

(573) 348-2211

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