Many of our clients look for advice regarding the structure of their estate plans, which is certainly a worthy goal; however, many clients fail to recognize the importance of protecting their assets from liabilities, especially unforeseen creditors. This article will focus on some basic strategies to consider as a part of your overall estate planning.
What is the proper age to think about a living will or a power of attorney? What about a will or trust? No college student or parent of one wants to think about estate planning documents like these. But the reality is, there are a few basic documents that even the college freshman (or any adult — 18 years of age or older) could benefit from and that become even more important for young adults in their 20s or 30s.