We recently sat down with a young couple who has a 6 year old little girl, and plans on growing their family. The couple thought having an estate plan felt like “something responsible” they should do, but weren’t sure why it would be so important since they’re not “old or rich” – this is a common misconception. It’s just as important for young couples to protect their families with an estate plan whether they have $500 or $500,000.
You may be exhausted from hearing about the most significant tax law change in 30 years: The Tax Cuts and Jobs Act passed at the end of 2017. Now the dust is settling, and we encourage you to take a moment to understand what estate planning is and consider the question: why does it matter?