Just because you may not be a facing your retirement in the next few years, doesn't mean that you can't benefit from beginning your estate plan now. In fact, too many young and middle-aged men and women miss out on good opportunities because they believe that they shouldn't have to deal with things like estate planning yet.
Getting engaged and planning a wedding is an exciting time in someone's life. It can be easy to get caught up in the details of the big day and the honeymoon that comes after it without actually putting much thought to the future. Whether you're updating your existing will to include your future spouse or creating the first will you've ever had, the estate planning process can be a great way to cement your future with your intended spouse. Far from being morbid, deciding to work together to put an estate plan in place is a great way to illustrate your mutual dedication to the happiness and health of one another, even after death or a disabling accident.
You have probably heard many times that you have to spend money to make money. Applied strictly, these are called investments. Personal investments come in many different shapes and forms, including individual retirement accounts (IRAs), 401(k)s, bonds, certificates of deposit (CDs), etc. But one investment gets highly overlooked, and it's the one that will make sure your other investments stay safe: the estate plan.
Have you thought about your estate plan today? Do you even have an estate plan in place just in case the worst should happen? If you're like a lot of Millennials and some Gen Xers, you may have answered no to these two questions. That's because many in this age group associate estate planning with retirement age. But as the famous insurance commercial explains: that's not how this works.