Life is unpredictable, and there is no telling when it will be necessary to have certain types of protections in place. Every Massachusetts adult, starting at the age of 18, will benefit from having wills and other types of estate planning documents drafted and executed. These types of plans can allow an adult to plan for his or her care in case of incapacitation and outline how to deal with assets in case of death. Many college students overlook the importance of estate planning.
Thinking about and planning for contingencies in the future is not something reserved only for the old, sick and rich. There are benefits available to virtually every person who is an adult, whether they have children, valuable assets or a health problem. College students should consider a will, something that would allow them the ability to have a say over what happens regarding their health care and assets in case of an unexpected event.
Massachusetts college students are not immune to things like sickness and car accidents. If they do not have a will or have never drafted documents that address their health care wishes, it can make things difficult for their parents. A will allows a person to say what happens to his or her stuff, where other tools, such as a living will and advance medical directive, addresses health care concerns.
It’s not easy to think about the possibility of death or incapacitation in the future. However, it is prudent for adults of all ages, income levels and health statuses to think about putting certain plans in place. Through wills, living wills and other estate planning tools, one can look at the future with confidence.