If you think that estate planning is largely a geriatric endeavor you are not alone. Indeed, an alarming percentage of people who are under the age of 50 or so are totally unprepared for the future. And in fact, a significant segment of the population that is over 50 is unprepared as well but that is another story.
When it comes to younger adults it is important to understand the totality of the responsibilities that you undertake when you become a parent. Obviously you don’t expect to pass away when you are in your 20s or 30s or even in your 40s, and hopefully you will live a long and robust life and watch your children become self-supporting adults in their own right.
But at the same time the prudent course of action is to expect the best while making preparations for any and all eventualities that may confront your family. So with this in mind estate planning is a must for young parents who have dependent children in the home.
It is understandable that you may not know how you should go about it, and this is where professional expertise comes in. If you sit down and discuss your situation with a licensed Hartford estate planning lawyer he or she will evaluate your position and advise you accordingly.
Going without an estate plan as an unencumbered single adult is one thing, but young parents have added responsibilities. If you are currently unprepared, take action right now and make a convenient appointment to speak with a local Hartford estate planning attorney.
Mr. Nirenstein is licensed to practice before the courts of the State of Connecticut and the United States District Court. He is a member of the Connecticut and Hartford County Bar Associations, and the Estate and Probate, Elder Law, Business Law and Real Estate Sections of the Connecticut Bar Association.
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