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Estate Planning for Young Adults, Elder Law Attorney, Woodstock, GA


People in their 20s often do not think that they need to worry about estate planning. They plan to live much longer, so they believe there will be time to get an estate plan later. However, you never know when tragedy can strike, so it is important that 20-somethings get estate plans.

Younger adults normally do not think anything bad will happen to them. They are “bullet-proof,” so to speak.

They do not seriously imagine that they could pass away at any time.

This leads many young adults to delay their estate planning until they are much older. Unfortunately, if a tragedy does happen, this leaves the estates of many young adults in a bad situation.

Recently, Financial Planningpublished a list of estate planning documents that younger adults should have in an article titled 5 Financial Documents Every 20-something Should Have.”

The list includes:

  • Advance Health Care Directives – If you are in an accident and become incapacitated, then you will want to have a Health Care Power of Attorney and Living Will. The first designates someone who can make health care decisions for you. The second sets out what life-sustaining practices doctors can employ if there is no hope that you will recover.
  • Durable Power of Attorney – If you are incapacitated, this document will let someone else handle your finances.
  • Will – If you want to have a say in who gets your property when you pass away, you need a will or trust.
  • Beneficiary Designations – If you have life insurance or a retirement account, then you need to designate who will benefit from them if you pass away.

Do not make the mistake of thinking that you do not need an estate plan simply because you are young. Get one as soon as you can.

You can always change it later when circumstances change. And they will.

Reference: Financial Planning (December 4, 2014) 5 Financial Documents Every 20-something Should Have

Hear From Our Clients
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I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.

- Charlotte

The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!

- Kerri

Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.

- Pierce

Josh Nelson, and his staff, have been amazingly helpful to our family. The ins and outs of nursing homes, the rules and regulations that govern Medicare and Medicaid are daunting and the folks at Nelson Elder Care Law have been informative, responsive, and above all, empathetic. I cannot emphasize enough how their service has taken a weight off of our shoulders especially during a world pandemic that has targeted nursing homes across our country. I highly recommend retaining Josh and his firm!

- Marcia

I had a simple legal question to them that I needed answered and they very helpful in giving me the information I needed. I highly recommend them and will reach out to them if I need more advice or assistance. Thank you for taking your time to just answer a couple of questions I had!

- Ben