Estate planning allows you to determine what happens to your assets when you pass. You may be more focused on the present than on preparing for this future — but, it’s never too early to sit down with an attorney and take care of this task. Find out why you should consider estate planning.

5 Benefits of Estate Planning for Millennials

1. Bestow Your Assets

Even if you don’t have a huge amount of savings or many big-ticket possessions, there are likely special items you’d want to pass on to your family or friends. From your car to that necklace your grandmother gave you for graduation, you may have more valuables than you realize.

2. Determine What Happens to Your Pets

Maybe you haven’t had any children of your own yet — but, what about your fur babies? If you have a dog or cat, include details regarding their care in estate planning documents. Otherwise, they may end up in a shelter.

3. Name Who Will Make Your Medical Decisions

Estate planning isn’t just about “who gets what” after you pass on. You can also include details regarding health care wishes in case you are mentally or physically unable to make decisions for yourself. This could be anyone from your parents to a life partner.

4. Seize Control of Your Social Media

Millennials are one of the first generations to grow up in the world of social media. What will happen to your accounts? Include an inventory of your “digital assets” and designate a trustworthy person — perhaps a tech-savvy friend — to take control of these accounts. You can instruct them to delete them or reconfigure them to create “memorial” pages.

5. Alleviate the Stress of Funeral Planning

You can also use estate planning to determine what kind of end-of-life ceremony you want to have. This allows you to seize control of the situation and spare your loved ones the added stress of guessing what you would have wanted. From green-friendly burials to cremation, there are many options available.

Stuart R. Norman Jr. provides knowledgeable estate planning services to residents of Griswold, CT, and the surrounding areas. With over 40 years of experience, Attorney Norman has deep roots in the community and is dedicated to providing its members with compassionate legal counsel at reasonable prices. Find out more about his estate planning experience online. For an appointment, call (860) 376-0069.