One of the most pervasive misconceptions regarding estate planning is that only the elderly or those with significant assets need to write a will or prepare powers of attorney. However, this is not the case, although younger adults often have different needs and priorities that require a slightly different approach.

If you are under 40 and haven't yet begun estate planning, Ronald D. Zipp Attorney at Law in New Braunfels, TX, recommends:

• Starting Now: Even if your net worth is not particularly high, you will likely leave behind some assets and debts. Writing a will with legally enforceable instructions regarding the disposition of your estate takes a significant burden off of your loved ones after you're gone.
• Talking To Your Family Members: While verbally expressed wishes are not enforceable, making sure your family understands how your estate will be divided up can prevent a lot of arguments and hurt feelings later on. You may want to incorporate their input into your documents as well, which makes these conversations especially valuable.
• Concentrate On The Basics: Even those without significant assets should at least write a will, purchase life insurance, prepare an advanced medical directive, and have durable powers of attorney drawn up that will empower those you trust to manage your affairs if you become incapacitated. Your estate planning attorney will guide you through the process and make sure that you have everything you need.

For over 40 years, Ronald D. Zipp Attorney at Law has built a reputation for providing highly effective counsel in a wide variety of practice areas. Whether you need assistance writing a will or have been charged with a crime, you can rely on these legal professionals to give your affairs the individualized attention and focus they deserve. Visit their website to learn more, or call (830) 629-5600 to schedule a consultation today.