When you're in your 30s,planning for your eventual demise is likely to be low on your list of priorities. However,financial experts suggest that this could be the best time to start acting to protect your family and your assets in case the unexpected occurs.
"It is imperative that those in their 30s have their estate plans in order, because they have as much to lose as their elders -- in fact, sometimes more," says Dan White, owner of Dan White & Associates in Glen Mills, Pennsylvania."You may be just settling down and getting married, purchasing your first home, and,most important, starting a family, which will now need to be protected.
"To get started, experts recommend meeting with an attorney and financial adviser to put the following elements in place:
1. LAST WILL AND TESTAMENT
A will establishes who will inherit your possessions and assets when you die, but Douglas A. Boneparth, vice president and chief operating officer of Life and Wealth Planning in New York City, notes a will has other vital aspects. "A will also states other important information such as who you want to place in charge of administering your estate and who you want to
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