Estate Planning for College Students and Young Professionals

Forbes’ Deborah Jacobs has this interesting article about the basic estate planning documents every adult needs – even college students and young professionals. The Forbes article recommends every adult should have medical and financial durable powers of attorney signed and in force. As an attorney, I agree and would add that you also need a will and a living will. If you’re married, you and your spouse should each have these documents. If you’re a wealthy person or have complex financial holdings, you may need a trust or more sophisticated documents. If you travel domestically or abroad, you also need estate planning documents in place – even if you’re not wealthy or don’t have extensive business interests. (I often insist clients execute basic estate planning documents before traveling internationally or for long periods of time for business. Otherwise, you’re risking the financial and medical well being or yourself, your family, and/or your business.) Not having estate planning documents in place is gambling with you and your family’s future. If you’re a more seasoned person, it would be “criminally negligent” (in C.S. Lewis’ words) not to have a will or other estate planning documents in place (The World’s Last Night). My firm crafts tailored estate planning documents for you that are affordable, reliable, include cutting-edge provisions standard (like asset protection, probate avoidance, elder law, and digital estate planning), and work smoothly whether you’re in the U.S. or abroad.

My law firmJohnson Law KC LLC, is experienced counseling clients from all stages and walks of life on every aspect of estate planning. We can help you answer these questions with confidence and friendly expertise. If we can serve you or your family with your charitable giving questions, please call (913-707-9220) or email us (steve@johnsonlawkc.com) to schedule a free, convenient consultation.

(c) 2014, Stephen M. Johnson, Esq.

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