Bennett Group Financial Group, LLC, is a successful investment advisor company that offers estate advice and planning services. The venture’s practice often involves young people who think that they do not need estate planning until they are older, or actually have an “estate”. In reality, this is not a good practice. While more complex estate planning is not necessarily something that one has to go through, ignoring basic estate planning can be a mistake.
Leaving Uncertainty Behind Is Not Good
The premature death of a person who is still young is terrible enough on its own, but when he or she leaves a bureaucratic mess behind, the aftermath becomes even bleaker. Dying without a will leaves open questions behind, including how the assets will be divided. This can often lead to family conflicts, which is, once again, not something anyone would want to cause, indirectly or not. Having a will is a no-brainer after a certain age, but young people can benefit just as much from it.
There are five documents involving the estate planning process that could be important to an individual, but not all five are mandatory. These documents are the will itself, the power of attorney for property, power of attorney for health care, a living will, and beneficiary designations. Before making these documents available with the help of a company like Bennett Group Financial Services, LLC, the individuals who think about having an estate plan should first talk to their friends and relatives, the people who will usually be entrusted with the responsibilities the abovementioned documents create.