Do young people need to consider an Estate Plan?

A common misconception is that estate plans are only for the super wealthy with a ton of assets. Another misconception is estate plans are only for older individuals who are retired and nearing the end of life. The truth, however, may surprise you.

Even young adults can benefit from an estate plan because the documents it contains can give directions for your care during a medical crisis, as well as provide instructions for who will care for minor children in the event of your death.

In this episode, we sat down with TBT Wealth Management Director Craig Chaikin to discuss what we need to do to prepare for the unexpected and how we can ensure our wishes are fulfilled if something happens to us.

Note: The information discussed in this podcast is for informational and educational purposes only. Please speak with a licensed professional about your specific situation.

Investment products offered by TBT Wealth Management are not deposits or obligations of Texas Bank and Trust, not guaranteed by Texas Bank and Trust, not insured by any federal government agency, and may go down in value.