'I AM TOO YOUNG FOR ESTATE PLANNING.'
NO YOU ARE NOT
I was having lunch with a few friends last week, and one of them brought her sweet daughter along for the ride. She is only 22 years old and recently married; no kids yet, but you can imagine that with her mom at the table, the question about grand-babies popped up at least two or three times. In between all of that, we talked about everyday stuff like work, and this young girl, in particular, really wanted to know more about what I do as an estate planning attorney.
Her mom and everyone else had gotten the rundown a few times over the years, so I was eager to share some knowledge with someone new. But then she says, “That sounds really interesting. I am sure I am too young for estate planning.”
Let me be clear that, no, she is not too young for estate planning. But for as long as I have been educating individuals and families about the importance of estate planning, there is this ever-present misconception that it is possible to be too young — as if there is some sort of mythical age threshold you have to meet first.
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