How old do you have to be to have an estate plan?
It’s a question I often hear. I typically give the simple answer: “Old enough to sign a contract.”
When we think of estate planning, we don’t typically think of couples in their thirties and forties sitting down with an attorney to discuss how their property will be distributed in the event of their deaths.
Of course, the real reason may be that we simply do not like to broach the subject of death. (Despite my love for death metal music, I have great sympathy for such fears.)
Fear of death aside, I advise younger married couples with children to sit down with an elder law attorney to discuss their estate plan.
Creating an estate plan is especially important if you have a child with developmental disabilities. An inheritance could make them ineligible for public benefits.
Perhaps you have children that are in their early teens. Understandably, you want to ensure that any funds they receive (as a result of your untimely death) be placed and held in a trust until they reach a certain age.
What if you and your spouse are not sure what would happen to your children should both of you pass away before they reach the age of 18?
If you’re a married couple with young children, these and a myriad of other reasons are exactly why you should sit down with an elder law attorney and discuss your options.
If you’re in this category, please call us and take advantage of our complimentary estate planning consultation.
Attorney Neil T. Lyons pursued a career in law for the sole purpose of helping people. His practice focuses on the area of elder law, including estate planning, trust and probate administration and guardianship. His early legal experience solidified his commitment to assisting, whenever possible, two very vulnerable groups: children and the elderly. He receives repeated recognition by various organizations for his pro bono efforts in Manatee and Sarasota counties. Neil also consistently engages in service to the legal community and joined the Luhrsen Goldberg staff in 2019.