Millennial to Millennial Discussion on Estate Planning

By Carolina Gomez

On Tuesday February 16th, 2021, H&A kicked off the first in a series of Zoom meetings called Millennial to Millennial. Our first topic focused on estate planning and why it’s so important for millennials (born 1981-1996) to begin proper planning in 2021. Did you know that 79% of millennials do not have even basic estate plans? Please click on the link below to watch the interesting and informative session.

• I’m not married and don’t have children, why should I start planning now?
• I’m married but don’t have children or much accumulated wealth so why is it important?
• How do I make sure my pets are taken care of if I should pass?
• I thought federal student loans were forgiven upon my death
• What happens to my social media accounts if I become too ill to manage them?
• Do my parents have the right to make medical decisions on my behalf if I’m involved in a serious accident?
• If I’m the beneficiary of my parent’s estate, what are my responsibilities?
• What are the tax ramifications of an inherited IRA?
• How do I talk to my parents about estate planning without creating stress?