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Estate planning can be stressful, especially when you are young. However, it is important to begin building your estate plan after you have acquired assets of your own. This can happen as early as age 18. Estate planning ensures that your assets are left in the hands of your loved ones in the event that you pass away. If you are interested in learning about whether or not you should begin this process, contact our experienced California estate planning attorneys today. Our legal team at The Law Offices of Yacoba Ann Feldman is dedicated to the needs and wishes of our clients.
When should I create an estate plan in California?
In most states, you can begin estate planning as soon as you turn 18 and it is a great idea to begin early on. Estate planning is one of the most important things you can do to protect yourself and your hard-earned assets. Additionally, because your life may change multiple times and in many different ways, your estate plan can grow with you.
When creating an estate plan, you will want to consider a will, trusts, a power of attorney, an advance healthcare directive, and any other documents that can be beneficial.
Do I need an attorney to build my estate plan?
Who knows technology better than millennials? Although you may feel like you can tackle an online estate planning process through the various online resources, it probably will not go well. There are many websites that offer a fill-in-the-blank format for building an estate plan however, the documents must be filed in a particular way and it is very important that they are in order for your estate plan to be deemed valid. An improper estate plan can cause many issues down the road for you and your loved ones.
What are digital assets?
As previously stated, technology is a huge part of a millennial’s life. It is highly likely that they have numerous digital assets without even realizing it. These include logins and passwords, websites they own or contribute to, cryptocurrency, and more. It is important to account for your digital assets to ensure that your estate plan is whole. Typically, one will appoint a digital executor to handle digital assets upon their passing.
If you are interested in creating your estate plan or would like to learn more about digital assets, contact The Law Offices of Yacoba Ann Feldman today to speak with our legal experts.
Contact our Firm
Working with an experienced estate planning attorney, such as Jaci Feldman of the Woodland Hills, California, Law Offices of Yacoba Ann Feldman, will ensure that you are taken care of when you need it most. Do not delay. Estate planning is a more urgent matter than you may think. You never know what the future holds.Contact The Law Offices of Yacoba Ann Feldmanto schedule a consultation today.
