If you own a home and have a growing family, you probably have a lot of stuff. Outside of the things you use every day like your furniture or your car, there are many items you hang onto in cabinets, on shelves and within storage spaces that you haven't touched in years. Even if you haven't used them, these items are probably important to you in a sentimental or emotional way. Their presence supports your existence intrinsically even if they aren't always practical.
Thinking about your death isn't easy. Drafting a will is another difficult task that many Americans put off. According to the AARP, 41 percent of Baby Boomers do not have a will. Only 29 percent of people under the age of 34 have a will, and it's believed that those without a will don't want to think about their death.
Estate planning used to mean having your financial affairs in order so that those left behind would be taken care of or not burdened when you are gone. It still does, but now that we have so much personal and financial information stored on our computers and on the internet, this practice has evolved to include addressing digital assets as well.
Your estate plan can help you protect your assets and your legacy. As your life changes, so do your needs and goals for the future. Your estate plan is a legal document that needs to be reviewed and revised as your life changes in order to protect you and your family.