To the Millennials – The Time to Plan Is Now

Millennials often feel that estate planning is something to worry about later in life. However, the time to start is now. Estate planning isn’t just for the elderly; it’s a crucial step for anyone who wants to ensure their assets are managed and distributed according to their wishes.

Why Start Now?

  1. Financial Security: Establishing an estate plan early can protect your assets and provide financial security for your loved ones.
  2. Healthcare Decisions: Advanced directives and healthcare proxies ensure your medical preferences are followed if you’re unable to communicate.
  3. Guardianship: If you have children, designating guardians is essential to ensure they are cared for by the people you trust.

Key Components:

  • Wills: A will outlines how you want your assets distributed and can appoint guardians for minor children.
  • Trusts: Trusts can help manage your assets during your lifetime and after death, often providing tax benefits and avoiding probate.
  • Powers of Attorney: This allows someone to manage your financial and legal affairs if you’re unable to do so.
  • Beneficiary Designations: Ensure your retirement accounts and life insurance policies go to the intended recipients.

Steps to Get Started:

  1. Assess Your Assets: Create a list of your assets, including property, savings, investments, and personal belongings.
  2. Define Your Wishes: Decide who should inherit your assets, who should make medical and financial decisions for you, and who should care for your children.
  3. Consult a Professional: An estate planning attorney can help you navigate the legal complexities and ensure your documents are properly drafted and executed.


Taking control of your future through estate planning is a responsible and proactive step. It offers peace of mind knowing that your wishes will be honored, and your loved ones will be taken care of. Don’t wait – the time to plan is now. Give the Davis Schilken, PC team a call today! We offer no obligation initial meetings (303)670-9855.