SlideShare a Scribd company logo
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
WHY YOUNG PEOPLE NEED HELP FROM AN
ESTATE PLANNING ATTORNEY
A Guide for Young People Making Plans for
the Future
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
ESTATE PLANNING IS NOT
JUST FOR THE ELDERLY
Many people think estate planning or elder law
services are only useful for seniors.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
This is not true- elder law and
estate planning attorneys help
people of all ages, including
younger people.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
KEY REASONS WHY
YOUNG PEOPLE NEED
ESTATE PLANNING HELP
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
There are lots of reasons why
younger people need estate
planning help.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
A few key reasons why younger
people should get help with estate
planning include the following.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
PLANNING FOR
RETIREMENT
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
Young people can get help setting
money goals and finding out how to
make the best use of tax-
advantaged accounts like IRAs,
which can help them to save for
retirement.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
Social security may not be enough
to live on and you may not have an
employer pension.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
You need to take control over your
retirement savings.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
PROVIDING FOR YOUNG FAMILIES
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
If you have a spouse or kids
depending upon you, you need to
find out how to make sure they are
provided for financially and cared
for even if something happens to
you.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
An estate planning attorney helps
you understand the insurance you
need and the steps you can take to
provide for and protect your family.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
GUARDIANSHIP FOR
YOUR CHILDREN
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
If you have kids, you also need to
make sure you have chosen a
guardian to care for them if
something happens to both parents.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
You should consider setting aside
money for kids as well, and think
carefully about who will manage
that money and how it will be
managed on their behalf until they
become adults.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
PROTECTING YOUR
GROWING WEALTH
If you are amassing assets as you work and earn
money, you also need to protect your growing
wealth.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
If you make plans early, you can
ensure that things like high nursing
home bills won’t eat into your
savings as you age.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
AVOIDING HARD
CHOICES ON MEDICAL
CARE
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
You also need to be prepared with
an incapacity plan and advanced
directives for medical care, as
something could happen to you at
any time- even when you’re young.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
You don’t want to put your family in
a difficult position of making life-
and-death medical decisions
without providing insight into your
wishes.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
GETTING LEGAL HELP
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
An experienced estate planning
lawyer can help you to be prepared
for an uncertain future by creating
a comprehensive estate plan.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
Or visit our website
www.sinclairprosserlaw.com
Nicole Livingston
Jon J. Gasior
Colleen SinclairProsser
Victor A. Lembo

More Related Content

Similar to Why Young People Need An Estate Planning Attorney: A Guide for Young People Making Plans for the Future

Can I Give Away Assets To Qualify for Medicaid
Can I Give Away Assets To Qualify for MedicaidCan I Give Away Assets To Qualify for Medicaid
Can I Give Away Assets To Qualify for Medicaid
Colleen Sinclair Prosser
 
What Is a Living Will
What Is a Living WillWhat Is a Living Will
What Is a Living Will
Colleen Sinclair Prosser
 
What Is a Special Needs Trust
What Is a Special Needs TrustWhat Is a Special Needs Trust
What Is a Special Needs Trust
Colleen Sinclair Prosser
 
Alzheimer's Disease Makes Incapacity Planning a Must
Alzheimer's Disease Makes Incapacity Planning a MustAlzheimer's Disease Makes Incapacity Planning a Must
Alzheimer's Disease Makes Incapacity Planning a Must
Colleen Sinclair Prosser
 
Is a Last Will and Testament All You Need for Your Estate Plan: A Guide for M...
Is a Last Will and Testament All You Need for Your Estate Plan: A Guide for M...Is a Last Will and Testament All You Need for Your Estate Plan: A Guide for M...
Is a Last Will and Testament All You Need for Your Estate Plan: A Guide for M...
Colleen Sinclair Prosser
 
Why Medicaid Eligibility Matters If You Need Nursing Home Care: A Guide for A...
Why Medicaid Eligibility Matters If You Need Nursing Home Care: A Guide for A...Why Medicaid Eligibility Matters If You Need Nursing Home Care: A Guide for A...
Why Medicaid Eligibility Matters If You Need Nursing Home Care: A Guide for A...
Colleen Sinclair Prosser
 
Why Should I Use a Living Trust
Why Should I Use a Living TrustWhy Should I Use a Living Trust
Why Should I Use a Living Trust
Colleen Sinclair Prosser
 
Do I Pay Taxes When Someone Leaves Me Money
Do I Pay Taxes When Someone Leaves Me MoneyDo I Pay Taxes When Someone Leaves Me Money
Do I Pay Taxes When Someone Leaves Me Money
Colleen Sinclair Prosser
 
What Is the Money In a Special Needs Trust Used For
What Is the Money In a Special Needs Trust Used ForWhat Is the Money In a Special Needs Trust Used For
What Is the Money In a Special Needs Trust Used For
Colleen Sinclair Prosser
 
How the Maryland Probate Process Can Affect Your Family
How the Maryland Probate Process  Can Affect Your FamilyHow the Maryland Probate Process  Can Affect Your Family
How the Maryland Probate Process Can Affect Your Family
Colleen Sinclair Prosser
 
Building the sunshine children’s home
Building the sunshine children’s homeBuilding the sunshine children’s home
Building the sunshine children’s home
On a Shoestring Marketing
 
Feed Pierce County
Feed Pierce CountyFeed Pierce County
Feed Pierce County
Elizabeth Richards
 
National Adoption Month
National Adoption MonthNational Adoption Month
National Adoption Month
David Grislis
 
Homeless ppt (1)
Homeless ppt (1)Homeless ppt (1)
Homeless ppt (1)Ditra Comer
 
Project Healthy Grandparents 2014
Project Healthy Grandparents 2014Project Healthy Grandparents 2014
Project Healthy Grandparents 2014
Georgia State School of Public Health
 
Abudant care
Abudant careAbudant care
Abudant care
theedoubled
 
Homeless abdullah alruwaih
Homeless   abdullah alruwaihHomeless   abdullah alruwaih
Homeless abdullah alruwaih
English107
 
United way of volusia flagler counties - 2012 Campaign
United way of volusia flagler counties - 2012 CampaignUnited way of volusia flagler counties - 2012 Campaign
United way of volusia flagler counties - 2012 Campaign
United Way of Volusia-Flagler Counties
 
Philanthropy's Next Generation Now
Philanthropy's Next Generation Now Philanthropy's Next Generation Now
Philanthropy's Next Generation Now
Emily Davis Consulting
 

Similar to Why Young People Need An Estate Planning Attorney: A Guide for Young People Making Plans for the Future (20)

Can I Give Away Assets To Qualify for Medicaid
Can I Give Away Assets To Qualify for MedicaidCan I Give Away Assets To Qualify for Medicaid
Can I Give Away Assets To Qualify for Medicaid
 
What Is a Living Will
What Is a Living WillWhat Is a Living Will
What Is a Living Will
 
What Is a Special Needs Trust
What Is a Special Needs TrustWhat Is a Special Needs Trust
What Is a Special Needs Trust
 
Alzheimer's Disease Makes Incapacity Planning a Must
Alzheimer's Disease Makes Incapacity Planning a MustAlzheimer's Disease Makes Incapacity Planning a Must
Alzheimer's Disease Makes Incapacity Planning a Must
 
Is a Last Will and Testament All You Need for Your Estate Plan: A Guide for M...
Is a Last Will and Testament All You Need for Your Estate Plan: A Guide for M...Is a Last Will and Testament All You Need for Your Estate Plan: A Guide for M...
Is a Last Will and Testament All You Need for Your Estate Plan: A Guide for M...
 
Why Medicaid Eligibility Matters If You Need Nursing Home Care: A Guide for A...
Why Medicaid Eligibility Matters If You Need Nursing Home Care: A Guide for A...Why Medicaid Eligibility Matters If You Need Nursing Home Care: A Guide for A...
Why Medicaid Eligibility Matters If You Need Nursing Home Care: A Guide for A...
 
Why Should I Use a Living Trust
Why Should I Use a Living TrustWhy Should I Use a Living Trust
Why Should I Use a Living Trust
 
Do I Pay Taxes When Someone Leaves Me Money
Do I Pay Taxes When Someone Leaves Me MoneyDo I Pay Taxes When Someone Leaves Me Money
Do I Pay Taxes When Someone Leaves Me Money
 
What Is the Money In a Special Needs Trust Used For
What Is the Money In a Special Needs Trust Used ForWhat Is the Money In a Special Needs Trust Used For
What Is the Money In a Special Needs Trust Used For
 
How the Maryland Probate Process Can Affect Your Family
How the Maryland Probate Process  Can Affect Your FamilyHow the Maryland Probate Process  Can Affect Your Family
How the Maryland Probate Process Can Affect Your Family
 
Building the sunshine children’s home
Building the sunshine children’s homeBuilding the sunshine children’s home
Building the sunshine children’s home
 
Feed Pierce County
Feed Pierce CountyFeed Pierce County
Feed Pierce County
 
National Adoption Month
National Adoption MonthNational Adoption Month
National Adoption Month
 
FBLA-PBL March of Dimes Webinar-Fall 2013
FBLA-PBL March of Dimes Webinar-Fall 2013 FBLA-PBL March of Dimes Webinar-Fall 2013
FBLA-PBL March of Dimes Webinar-Fall 2013
 
Homeless ppt (1)
Homeless ppt (1)Homeless ppt (1)
Homeless ppt (1)
 
Project Healthy Grandparents 2014
Project Healthy Grandparents 2014Project Healthy Grandparents 2014
Project Healthy Grandparents 2014
 
Abudant care
Abudant careAbudant care
Abudant care
 
Homeless abdullah alruwaih
Homeless   abdullah alruwaihHomeless   abdullah alruwaih
Homeless abdullah alruwaih
 
United way of volusia flagler counties - 2012 Campaign
United way of volusia flagler counties - 2012 CampaignUnited way of volusia flagler counties - 2012 Campaign
United way of volusia flagler counties - 2012 Campaign
 
Philanthropy's Next Generation Now
Philanthropy's Next Generation Now Philanthropy's Next Generation Now
Philanthropy's Next Generation Now
 

Recently uploaded

1比1制作(swansea毕业证书)英国斯旺西大学毕业证学位证书托业成绩单原版一模一样
1比1制作(swansea毕业证书)英国斯旺西大学毕业证学位证书托业成绩单原版一模一样1比1制作(swansea毕业证书)英国斯旺西大学毕业证学位证书托业成绩单原版一模一样
1比1制作(swansea毕业证书)英国斯旺西大学毕业证学位证书托业成绩单原版一模一样
9ib5wiwt
 
Synopsis On Annual General Meeting/Extra Ordinary General Meeting With Ordina...
Synopsis On Annual General Meeting/Extra Ordinary General Meeting With Ordina...Synopsis On Annual General Meeting/Extra Ordinary General Meeting With Ordina...
Synopsis On Annual General Meeting/Extra Ordinary General Meeting With Ordina...
Syed Muhammad Humza Hussain
 
NATURE, ORIGIN AND DEVELOPMENT OF INTERNATIONAL LAW.pptx
NATURE, ORIGIN AND DEVELOPMENT OF INTERNATIONAL LAW.pptxNATURE, ORIGIN AND DEVELOPMENT OF INTERNATIONAL LAW.pptx
NATURE, ORIGIN AND DEVELOPMENT OF INTERNATIONAL LAW.pptx
anvithaav
 
Roles of a Bankruptcy Lawyer John Cavitt
Roles of a Bankruptcy Lawyer John CavittRoles of a Bankruptcy Lawyer John Cavitt
Roles of a Bankruptcy Lawyer John Cavitt
johncavitthouston
 
原版仿制(aut毕业证书)新西兰奥克兰理工大学毕业证文凭毕业证雅思成绩单原版一模一样
原版仿制(aut毕业证书)新西兰奥克兰理工大学毕业证文凭毕业证雅思成绩单原版一模一样原版仿制(aut毕业证书)新西兰奥克兰理工大学毕业证文凭毕业证雅思成绩单原版一模一样
原版仿制(aut毕业证书)新西兰奥克兰理工大学毕业证文凭毕业证雅思成绩单原版一模一样
9ib5wiwt
 
ALL EYES ON RAFAH BUT WHY Explain more.pdf
ALL EYES ON RAFAH BUT WHY Explain more.pdfALL EYES ON RAFAH BUT WHY Explain more.pdf
ALL EYES ON RAFAH BUT WHY Explain more.pdf
46adnanshahzad
 
How to Obtain Permanent Residency in the Netherlands
How to Obtain Permanent Residency in the NetherlandsHow to Obtain Permanent Residency in the Netherlands
How to Obtain Permanent Residency in the Netherlands
BridgeWest.eu
 
Consolidated_Analysis_report_(Phase_1_to_7)_of_Criminal_and_Financial_backgro...
Consolidated_Analysis_report_(Phase_1_to_7)_of_Criminal_and_Financial_backgro...Consolidated_Analysis_report_(Phase_1_to_7)_of_Criminal_and_Financial_backgro...
Consolidated_Analysis_report_(Phase_1_to_7)_of_Criminal_and_Financial_backgro...
YashSingh373746
 
定制(nus毕业证书)新加坡国立大学毕业证学位证书实拍图原版一模一样
定制(nus毕业证书)新加坡国立大学毕业证学位证书实拍图原版一模一样定制(nus毕业证书)新加坡国立大学毕业证学位证书实拍图原版一模一样
定制(nus毕业证书)新加坡国立大学毕业证学位证书实拍图原版一模一样
9ib5wiwt
 
Highlights_of_Bhartiya_Nyaya_Sanhita.pptx
Highlights_of_Bhartiya_Nyaya_Sanhita.pptxHighlights_of_Bhartiya_Nyaya_Sanhita.pptx
Highlights_of_Bhartiya_Nyaya_Sanhita.pptx
anjalidixit21
 
Matthew Professional CV experienced Government Liaison
Matthew Professional CV experienced Government LiaisonMatthew Professional CV experienced Government Liaison
Matthew Professional CV experienced Government Liaison
MattGardner52
 
Daftar Rumpun, Pohon, dan Cabang Ilmu (28 Mei 2024).pdf
Daftar Rumpun, Pohon, dan Cabang Ilmu (28 Mei 2024).pdfDaftar Rumpun, Pohon, dan Cabang Ilmu (28 Mei 2024).pdf
Daftar Rumpun, Pohon, dan Cabang Ilmu (28 Mei 2024).pdf
akbarrasyid3
 
new victimology of indonesian law. Pptx.
new victimology of indonesian law. Pptx.new victimology of indonesian law. Pptx.
new victimology of indonesian law. Pptx.
niputusriwidiasih
 
Ease of Paying Tax Law Republic Act 11976
Ease of Paying Tax Law Republic Act 11976Ease of Paying Tax Law Republic Act 11976
Ease of Paying Tax Law Republic Act 11976
PelayoGilbert
 
ADR in criminal proceeding in Bangladesh with global perspective.
ADR in criminal proceeding in Bangladesh with global perspective.ADR in criminal proceeding in Bangladesh with global perspective.
ADR in criminal proceeding in Bangladesh with global perspective.
Daffodil International University
 
Car Accident Injury Do I Have a Case....
Car Accident Injury Do I Have a Case....Car Accident Injury Do I Have a Case....
Car Accident Injury Do I Have a Case....
Knowyourright
 
怎么购买(massey毕业证书)新西兰梅西大学毕业证学位证书注册证明信原版一模一样
怎么购买(massey毕业证书)新西兰梅西大学毕业证学位证书注册证明信原版一模一样怎么购买(massey毕业证书)新西兰梅西大学毕业证学位证书注册证明信原版一模一样
怎么购买(massey毕业证书)新西兰梅西大学毕业证学位证书注册证明信原版一模一样
9ib5wiwt
 
一比一原版麻省理工学院毕业证(MIT毕业证)成绩单如何办理
一比一原版麻省理工学院毕业证(MIT毕业证)成绩单如何办理一比一原版麻省理工学院毕业证(MIT毕业证)成绩单如何办理
一比一原版麻省理工学院毕业证(MIT毕业证)成绩单如何办理
o6ov5dqmf
 
办理(waikato毕业证书)新西兰怀卡托大学毕业证双学位证书原版一模一样
办理(waikato毕业证书)新西兰怀卡托大学毕业证双学位证书原版一模一样办理(waikato毕业证书)新西兰怀卡托大学毕业证双学位证书原版一模一样
办理(waikato毕业证书)新西兰怀卡托大学毕业证双学位证书原版一模一样
9ib5wiwt
 
Tax Law Notes on taxation law tax law for 10th sem
Tax Law Notes on taxation law tax law for 10th semTax Law Notes on taxation law tax law for 10th sem
Tax Law Notes on taxation law tax law for 10th sem
azizurrahaman17
 

Recently uploaded (20)

1比1制作(swansea毕业证书)英国斯旺西大学毕业证学位证书托业成绩单原版一模一样
1比1制作(swansea毕业证书)英国斯旺西大学毕业证学位证书托业成绩单原版一模一样1比1制作(swansea毕业证书)英国斯旺西大学毕业证学位证书托业成绩单原版一模一样
1比1制作(swansea毕业证书)英国斯旺西大学毕业证学位证书托业成绩单原版一模一样
 
Synopsis On Annual General Meeting/Extra Ordinary General Meeting With Ordina...
Synopsis On Annual General Meeting/Extra Ordinary General Meeting With Ordina...Synopsis On Annual General Meeting/Extra Ordinary General Meeting With Ordina...
Synopsis On Annual General Meeting/Extra Ordinary General Meeting With Ordina...
 
NATURE, ORIGIN AND DEVELOPMENT OF INTERNATIONAL LAW.pptx
NATURE, ORIGIN AND DEVELOPMENT OF INTERNATIONAL LAW.pptxNATURE, ORIGIN AND DEVELOPMENT OF INTERNATIONAL LAW.pptx
NATURE, ORIGIN AND DEVELOPMENT OF INTERNATIONAL LAW.pptx
 
Roles of a Bankruptcy Lawyer John Cavitt
Roles of a Bankruptcy Lawyer John CavittRoles of a Bankruptcy Lawyer John Cavitt
Roles of a Bankruptcy Lawyer John Cavitt
 
原版仿制(aut毕业证书)新西兰奥克兰理工大学毕业证文凭毕业证雅思成绩单原版一模一样
原版仿制(aut毕业证书)新西兰奥克兰理工大学毕业证文凭毕业证雅思成绩单原版一模一样原版仿制(aut毕业证书)新西兰奥克兰理工大学毕业证文凭毕业证雅思成绩单原版一模一样
原版仿制(aut毕业证书)新西兰奥克兰理工大学毕业证文凭毕业证雅思成绩单原版一模一样
 
ALL EYES ON RAFAH BUT WHY Explain more.pdf
ALL EYES ON RAFAH BUT WHY Explain more.pdfALL EYES ON RAFAH BUT WHY Explain more.pdf
ALL EYES ON RAFAH BUT WHY Explain more.pdf
 
How to Obtain Permanent Residency in the Netherlands
How to Obtain Permanent Residency in the NetherlandsHow to Obtain Permanent Residency in the Netherlands
How to Obtain Permanent Residency in the Netherlands
 
Consolidated_Analysis_report_(Phase_1_to_7)_of_Criminal_and_Financial_backgro...
Consolidated_Analysis_report_(Phase_1_to_7)_of_Criminal_and_Financial_backgro...Consolidated_Analysis_report_(Phase_1_to_7)_of_Criminal_and_Financial_backgro...
Consolidated_Analysis_report_(Phase_1_to_7)_of_Criminal_and_Financial_backgro...
 
定制(nus毕业证书)新加坡国立大学毕业证学位证书实拍图原版一模一样
定制(nus毕业证书)新加坡国立大学毕业证学位证书实拍图原版一模一样定制(nus毕业证书)新加坡国立大学毕业证学位证书实拍图原版一模一样
定制(nus毕业证书)新加坡国立大学毕业证学位证书实拍图原版一模一样
 
Highlights_of_Bhartiya_Nyaya_Sanhita.pptx
Highlights_of_Bhartiya_Nyaya_Sanhita.pptxHighlights_of_Bhartiya_Nyaya_Sanhita.pptx
Highlights_of_Bhartiya_Nyaya_Sanhita.pptx
 
Matthew Professional CV experienced Government Liaison
Matthew Professional CV experienced Government LiaisonMatthew Professional CV experienced Government Liaison
Matthew Professional CV experienced Government Liaison
 
Daftar Rumpun, Pohon, dan Cabang Ilmu (28 Mei 2024).pdf
Daftar Rumpun, Pohon, dan Cabang Ilmu (28 Mei 2024).pdfDaftar Rumpun, Pohon, dan Cabang Ilmu (28 Mei 2024).pdf
Daftar Rumpun, Pohon, dan Cabang Ilmu (28 Mei 2024).pdf
 
new victimology of indonesian law. Pptx.
new victimology of indonesian law. Pptx.new victimology of indonesian law. Pptx.
new victimology of indonesian law. Pptx.
 
Ease of Paying Tax Law Republic Act 11976
Ease of Paying Tax Law Republic Act 11976Ease of Paying Tax Law Republic Act 11976
Ease of Paying Tax Law Republic Act 11976
 
ADR in criminal proceeding in Bangladesh with global perspective.
ADR in criminal proceeding in Bangladesh with global perspective.ADR in criminal proceeding in Bangladesh with global perspective.
ADR in criminal proceeding in Bangladesh with global perspective.
 
Car Accident Injury Do I Have a Case....
Car Accident Injury Do I Have a Case....Car Accident Injury Do I Have a Case....
Car Accident Injury Do I Have a Case....
 
怎么购买(massey毕业证书)新西兰梅西大学毕业证学位证书注册证明信原版一模一样
怎么购买(massey毕业证书)新西兰梅西大学毕业证学位证书注册证明信原版一模一样怎么购买(massey毕业证书)新西兰梅西大学毕业证学位证书注册证明信原版一模一样
怎么购买(massey毕业证书)新西兰梅西大学毕业证学位证书注册证明信原版一模一样
 
一比一原版麻省理工学院毕业证(MIT毕业证)成绩单如何办理
一比一原版麻省理工学院毕业证(MIT毕业证)成绩单如何办理一比一原版麻省理工学院毕业证(MIT毕业证)成绩单如何办理
一比一原版麻省理工学院毕业证(MIT毕业证)成绩单如何办理
 
办理(waikato毕业证书)新西兰怀卡托大学毕业证双学位证书原版一模一样
办理(waikato毕业证书)新西兰怀卡托大学毕业证双学位证书原版一模一样办理(waikato毕业证书)新西兰怀卡托大学毕业证双学位证书原版一模一样
办理(waikato毕业证书)新西兰怀卡托大学毕业证双学位证书原版一模一样
 
Tax Law Notes on taxation law tax law for 10th sem
Tax Law Notes on taxation law tax law for 10th semTax Law Notes on taxation law tax law for 10th sem
Tax Law Notes on taxation law tax law for 10th sem
 

Why Young People Need An Estate Planning Attorney: A Guide for Young People Making Plans for the Future

  • 1. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF WHY YOUNG PEOPLE NEED HELP FROM AN ESTATE PLANNING ATTORNEY A Guide for Young People Making Plans for the Future
  • 2. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF ESTATE PLANNING IS NOT JUST FOR THE ELDERLY Many people think estate planning or elder law services are only useful for seniors.
  • 3. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF This is not true- elder law and estate planning attorneys help people of all ages, including younger people.
  • 4. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF KEY REASONS WHY YOUNG PEOPLE NEED ESTATE PLANNING HELP
  • 5. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF There are lots of reasons why younger people need estate planning help.
  • 6. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF A few key reasons why younger people should get help with estate planning include the following.
  • 7. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF PLANNING FOR RETIREMENT
  • 8. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF Young people can get help setting money goals and finding out how to make the best use of tax- advantaged accounts like IRAs, which can help them to save for retirement.
  • 9. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF Social security may not be enough to live on and you may not have an employer pension.
  • 10. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF You need to take control over your retirement savings.
  • 11. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF PROVIDING FOR YOUNG FAMILIES
  • 12. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF If you have a spouse or kids depending upon you, you need to find out how to make sure they are provided for financially and cared for even if something happens to you.
  • 13. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF An estate planning attorney helps you understand the insurance you need and the steps you can take to provide for and protect your family.
  • 14. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF GUARDIANSHIP FOR YOUR CHILDREN
  • 15. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF If you have kids, you also need to make sure you have chosen a guardian to care for them if something happens to both parents.
  • 16. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF You should consider setting aside money for kids as well, and think carefully about who will manage that money and how it will be managed on their behalf until they become adults.
  • 17. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF PROTECTING YOUR GROWING WEALTH If you are amassing assets as you work and earn money, you also need to protect your growing wealth.
  • 18. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF If you make plans early, you can ensure that things like high nursing home bills won’t eat into your savings as you age.
  • 19. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF AVOIDING HARD CHOICES ON MEDICAL CARE
  • 20. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF You also need to be prepared with an incapacity plan and advanced directives for medical care, as something could happen to you at any time- even when you’re young.
  • 21. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF You don’t want to put your family in a difficult position of making life- and-death medical decisions without providing insight into your wishes.
  • 22. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF GETTING LEGAL HELP
  • 23. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF An experienced estate planning lawyer can help you to be prepared for an uncertain future by creating a comprehensive estate plan.
  • 24. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF Or visit our website www.sinclairprosserlaw.com Nicole Livingston Jon J. Gasior Colleen SinclairProsser Victor A. Lembo