Millennials are finally reaching the age where it’s time to think about saving for retirement and drafting estate planning documents. If you recently graduated from college, landed your dream job, or purchased your first home, turn to an estate lawyer like Lance S. Cox Attorney at Law in Cincinnati, OH, to protect your financial future. This seasoned tax attorney shares a few estate planning tips for people in this age group.

3 Estate Planning Tips for Millennials

1. Consider Your Online Accounts

Millennials are the first demographic group to have grown up with the Internet, and most young adults participate in social media in one form or another. If you have online profiles, designate someone to close or manage these accounts in the event of your passing.

2. Draft a Will

Even if you have not acquired many assets, it’s critical to have a will. Creating this document is the simplest estate planning method available, and you can update it at any time as your situation changes. If you’re just starting out, you can use your will to designate an online account administrator, express last wishes regarding your burial service, and specify loved ones to receive your most treasured and valuable possessions.

3. Review Your Will Periodically

It’s never too early to start estate planning as long as you make a point of reviewing your documents regularly. Go over your will at least once every three years as well as after every major life transition, like getting married, having a child, or buying a house.

If you’re ready to start estate planning, turn to Lance S. Cox Attorney at Law in Cincinnati, OH, to get started. Visit the firm’s website to learn more about estate planning and other services, including income tax preparation and probate. Call (513) 528-6000 to schedule a consultation with a skilled attorney to draft your will and power of attorney.