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McCurrie McCurrie
& McCurrie, L.L.C.

680 Kearny Avenue
Kearny, NJ 07032-3010
Phone: (201) 467-4180
Fax: (201) 997-9567
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Young people should plan their estates, too

People of all ages should properly plan their estates. Many young people believe that they don't have to plan their estate because they don't have many assets or they only have one child and that child will inherit everything. Or, they don't expect anything to happen that they would need an estate plan. Although most people will live long fulfilling lives, sometimes unexpected accidents could result in a death or sudden change for a family.

Even if a person doesn't own many assets, they might still be wise to speak with an estate planning attorney about setting up proper and simple estate planning documents. They can help a young family establish a will with a proper executor of an estate.

This person will help a family take care of the division of assets. An estate plan can also help appoint guardianship of a child if the family has children. If the family does have children, they might also need to set up a way for their child to inherit assets after they turn 18 years old, which could include a trust.

While many people don't understand how an estate plan can work for them, it is important to that people understand that no matter how big their family is or how large their estate is, planning it properly can help make sure things go smoothly for family if the unexpected happens.

Source: Life Health Pro, "Estate planning for young families," Jonathan A. Mintz, Nov. 29, 2012

-Our law firm handles many different estate planning need for families of all sizes. To learn more, please visit our website.

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