At What Age Should I Create An Estate Plan?
For people that are unfamiliar with the term, estate planning can sound like something foreign and storybook. Maybe you have not had access to any financial planning tools or information. Maybe you ignored suggestions for such a thing as estate planning because you thought it didn’t apply to you. The truth is that estate planning applies to almost everyone. Young people especially never think that estate planning would pertain to them, but in fact, it does. You should always contact a trusted financial professional to seek out the most current and correct information on estate planning. Ian Filippini is a financial planning and estate plan expert. In this article Ian Filippini will briefly discuss why younger people should also consider creating an estate plan.
In his experience Ian Filippini has heard of many excuses from younger people (younger meaning 20-30) about why they do not need an estate plan. Even when other financial consultants such as Ian Filippini have suggested estate planning to them, they brush it off as if it is something they will not have to think about for years and years to come. Ian Filippini asserts that this could not be further from the truth.
Ian Filippini hears that younger people think that they do not have a large enough estate to have anything to plan for. The word itself-estate-is also what deters young people from thinking about creating an estate plan, according to Ian Filippini.
Younger people also generally do not think about the unknown, says Ian Filippini; they do not think about accidents that could leave them incapacitated, or even dead. Estate plans are not just to ensure that your stuff goes to who you want it to, asserts Ian Filippini, but to make sure you are taken care of the way you wish if something happens to you.
Ian Filippini is Santa Barbara’s current president of Filippini Financial Group, Inc. Ian Filippini also found time to author a number of articles relating financial advice, to real estate, insurance, tax, asset protection, and estate planning. Filippini Financial Group, Inc. and Ian Filippini have spent many years using their unique expertise. Their hands on approach consistently provides value to hundreds of retirees and pre-retirees in many areas of wealth management.
Filippini Financial Group, Inc. was originally founded by Ian Filippini’s late dad named Alfred Filippini. Filippini Financial Group, Inc. is located near Santa Barbara on Coast Village Road in Montecito, California. Ian Filippini’s mom, Deborah Filippini, and brother, Alex Filippini, moved to the Montecito and Santa Barbara area. No advice is given or intended. This article is not to be considered legal advice. Ian Filippini is not an attorney. Filippini Financial Group, Inc. is not a law firm.