One of the questions I get in estate planning is whether 30 years old is too young to do estate planning.
And the answer to this question is no, it’s not too young to do estate planning if you’re 30 years old. Now, doing estate planning is one of the core financial skill sets that’s important for every legal adult to have.
What this means is that once you reach the age of 18, you should have some type of estate planning in place. Even if it’s only a will and a powerof attorney and a healthcare directive, it’s still important to have those documents in place for you.
Once you become older and you start acquiring assets, maybe you purchase a home, maybe you have retirement or savings or investment accounts. It even becomes more important.
In fact, I recommend that everyone18 or older do estate planning.
Quick Question Corner is a video segment where we answer common questions about estate planning and elder law. If you have similar questions, leave them in the comment section and we can feature them in one of our videos in the future.
