Millennials, Wills & Retirement
I have often written that it is never too early to start the Estate Planning process. Once you begin to acquire assets; get married; have a family; or start a business – these are all signals that you might want a plan to help direct your future. Apparently a number of ‘millennials’ agree with me. In a recent Time.com – (October 16, 2014) there is an article by Lily Rothman titled: ‘The Last Will and Testament of a Millennial’. Not only is Ms. Rothman an excellent author, one who writes with great wit, charm and humor – her article is insightful and thought-provoking about the concerns of the “millennial generation”. You can also access via Time.com (the internet magazine) another article titled: ‘5 Things Every Millennial Should Know About Retirement’ by Jack Dickey. “Millennial” has been defined as those individuals born between 1981- 1996 (although there are various other dates offered for the millennial generation e.g. 1977-1992) However, there seems to be a consensus that Millennials follow the Baby Boomers and GenX. If you are a ‘millennial’ then the Rothman and Dickey articles will be of particular interest. My opinion is that these millennials are on the right track in planning for the future and towards a comfortable retirement. On my website there is an infographic titled: “A Life Plan You Can Live With”. You can access the infographic by going to http://www.attorneybarbaradalvano.weebly.com and clicking on the ‘Infographics’ section under the drop down menu of ‘Professional Activities.’ Feel free to make copies of any helpful infographic you find there! I am currently researching an article about guardianship for minor children, which should be of interest to millennials (and others) who have a young family. Stay tuned.
Go to the bottom of this page for my disclaimer and also the column “How I Can Help You.”