You’ve probably heard many older people stress to the younger crowd about preparing for the future. In fact, we’re willing to bet that you’ve gotten an earful of this from your parents or relatives. If so, they’re right! It’s absolutely essential to prepare for your future, whether it’s for finances, well-being, or even for your belongings. You may think that preparing a will in your 20s or even 30s seems too soon, but it’s best to be proactive.
In Texas, you can legally execute a valid will at 18 years of age. According to a 2020 report by Caring.com, only 16.4% of people aged 18 to 34 have estate planning documents. In the 35 to 54 age group, only 27.2% have planned their estate. When compared to 2017’s numbers, 24% fewer people have prepared a will in 2020. The numbers are low, but while the trend is changing, the importance of estate planning even at a young age remains the same.
Why is it Important?
One of the most exciting things about being young is that your options are limitless. You can start a business or family and continue to build on these for the rest of your life. An estate plan can provide a bit of certainty in an otherwise ambiguous path towards life. This way, you’ll know exactly where the things you’ve achieved will go if you pass. Plus, it’ll provide the people you care about with the peace of mind they need.
Contact Our McAllen Estate Planning Lawyers!
Estate planning isn’t an easy topic to discuss, especially if you’re barely getting into the swing of life. Our estate planning lawyers in McAllen are here to make sure the process is comprehensible and as swift as possible. Contact us today for more information about our services.