Welcome to today’s video! We’re tackling one of the biggest trust planning myths out there—that trusts are exclusively for seniors. Whether you’re in your 30s, 50s, or even younger, trusts can be a key part of your estate planning strategy. Stick around as we break down why trusts aren’t just for seniors and how they can benefit you and your family, no matter your age.
Transcript:
” No, they’re definitely not. Anybody who is old enough to be of age, so 18 years or older, who owns more than $180,000 of assets and has loved ones that they would like to transfer their estate to in an orderly fashion can use a trust. Additionally, as we’ve talked about at other times, the powers of attorney are important for literally anyone to have. We even do them for college-age kids so that we ensure that the parents of those kids can manage their assets or make medical decisions for them in case they have an accident. Really, estate planning more broadly is something that anybody who’s 18 years or older needs some version of, whether it’s a trust or just powers of attorney, but no, it’s certainly not a process that’s only for old people. ”
Thanks for watching! We hope this video helped clear up the myth that trusts are exclusively for seniors. Remember, trusts can offer peace of mind and financial protection for individuals of all ages. If you’re ready to learn more about how a trust can fit into your estate planning, reach out to us today. Don’t forget to like and subscribe for more helpful insights on estate planning! At the Law Office of Andrew Fesler, we are here to help you plan your estate! Contact us to learn more.
