Millennials are in their twenties and thirties right now and likely are finishing up school, establishing a career, or planning a wedding. Whatever your financial or family situation, estate planning is probably the last thought on your mind; however, if you want to protect your loved ones—and yourself—drafting a will should be at the top of your to-do list. Below are a few reasons to start thinking about this process while you’re young.

3 Reasons Every Millennial Needs an Estate Plan 

1. Preserve Your Digital Legacy 

Nearly every millennial has a digital legacy. You may not have millions of followers, but chances are you have at least one social media account. You likely have a few email addresses, as well, and perhaps assets like Bitcoin. What will happen to all these accounts after death? By implementing various estate planning arrangements, ensure your assets pass to individuals of your choosing. You can also memorialize or delete your social media pages.

2. Protect Dependants

If you have a spouse, children, or pets, consider what might happen to them if you pass away. Even if you’re healthy, accidents happen, so plan for the worst-case scenario. It’s crucial to make arrangements—and consider life insurance—if anyone relies on you financially.

3. Ensure Your Wishes

Estate planning arrangements aren't only for those who are still alive. If you become incapacitated, your family could refer to your living will to determine which interventions you want—and which you want to do without. If this document fails to address everything, you could establish a healthcare proxy by designating a power of attorney. This individual has the authority to make medical decisions on your behalf if you cannot.

For help drafting your estate planning documents, turn to Dennis P. Faller, Attorney at Law. Located in Wapakoneta, OH, this firm counsels clients throughout Auglaize, Logan, and Mercer counties. Backed by more than 40 years of experience, their team is proud to help families prepare for all eventualities. To learn more about their estate planning services, visit their website, or call (419) 738-4578.