Young people tend not to be interested in estate planning given that it seems like a problem that is a long way off.  However, there are good reasons why having an estate plan can be a prudent strategy even for young people.  If you are married, in a defacto relationship, have children or own property then you can benefit from an effective and professionally implemented estate plan.  Obviously, this covers quite a broad range of the population.  When people have children or buy a property for the first time having decided to get married it can be an appropriate time to draft a will.  Although the realisation of your estate may be some time away and indeed we hope that it is, you can have the security of knowing that your estate planning has been attended to and that the interests of your family will be protected.

The typical documents that would constitute an estate plan for a young person would be a will, power of attorney, enduring guardianship and advance care directive.  The creation of these documents covers a range of eventualities in respect of the care which you would receive if you lost the mental capacity to make your own decisions and the administration of your estate if you were to pass away.  Although many people are aware that they will need a will, fewer are aware of the impact of estate planning on the period prior to a person’s passing and the need for end of life care.  By creating the documents that empower you in relation to an end of life care plan, you can ensure that you do not receive medical treatment that you do not want to receive or that certain persons are contacted (or are not contacted) about your end of life care arrangements.

If you would like to have your estate planning affairs attended to by us, please do not hesitate to contact us regarding the matter using the form to the right.