Today Jacob Murphy goes through the top 5 most frequent myths he hears working in the estate planning world from young millennials and Gen Z people around his age. I’m not old enough, I don’t have assets yet, it’s too expensive. Nonsense! Let’s look at these myths for what they are and discuss why estate planning is truly for everyone, why you always have more than you think and how crucial planning tools are more accessible than ever.
A Health Care Proxy is the person you choose who will advocate for the treatment and care you want when you are unable to advocate for yourself. It is a legal document that declares who you have named to be this person.
Sometimes getting a family to agree on estate planning for aging parents is a hard task to achieve but, having a family meeting is a good start.
Estate planning documents are not like other legal documents. They are considered living documents, which refers to the fact that a Will or other estate planning documents will be ever changing.
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