• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • Who We Are
    • About Our Firm
    • Career Opportunities
    • Meet Our Team
    • News and Events
    • Seniors Rock Radio
  • Estate Planning
    • Elder Law & Medicaid Planning
    • Estate Planning Services
    • Estate and Gift Tax Figures
    • Family Farm Succession Planning
    • Family-Owned Businesses & Farms
    • IRA Planning
      • Planning With An IRA
      • IRA & Retirement Planning
    • Legacy Planning Services
    • LGBTQ Estate Planning
    • Pet Planning
    • SECURE Act
    • Special Needs Planning
    • Trust Administration & Probate
    • Young Families
  • Elder Law
    • Coping With Alzheimer’s
    • Elder Law Resources
      • Elder Law Reports
    • Guardianship & Conservatorship
    • Hospice Care
    • Veteran’s Benefits
  • Resources
    • Definitions
    • FREE Estate Planning Worksheet
    • FREE Webinars
    • Estate Administration Legal Guide
    • Estate Planning Articles
      • Questions for Your Estate Planning Attorney Before Creating Your First Estate Plan
      • How to Create Your First Estate Plan in 2022
      • How to Choose a Guardian for Your Child
      • Address These Three Questions in Your First Estate Plan
    • Estate and Gift Tax Figures
    • Frequently Asked Questions
      • Adult Guardianship
      • Alzheimer’s Care
      • Custodial Accounts for Minors
      • Estate Planning
      • FAQs for Families Without an Estate Plan
      • Elder Law
      • IRA & Retirement Planning
      • Is Your Estate Plan Outdated?
      • Legacy Planning
      • LGBTQ Estate Planning
      • Medicare and Social Security
      • Probate
      • Probate Avoidance
      • Irrevocable Trusts
      • Trust Administration
      • Trusts
      • Veterans’ Benefits
      • Wills
    • Newsletters
    • Reports
      • Advanced Estate Planning
      • Basic Estate Planning
      • Estate Planning for Niches
      • Trust Administration
    • Top Estate Planning Techniques
  • Reviews
    • Our Reviews
    • Review Us
  • Medicaid Planning
    • Medicaid Planning
    • Emergency Medicaid & Nursing Home Planning
    • Medicaid Frequently Asked Questions
    • Medicaid Resources
  • Blog
  • Contact Us

Law Office of Michael Robinson, P.C.

Estate Planning Services in Rochester, New York and the Finger Lakes Area

Connect With Us Today

(585) 374-5210
Law Pay Button
Attend a Free Webinar
Home » Estate Planning » Why Even Young People Need Help from Pittsford Estate Planning Lawyers

Why Even Young People Need Help from Pittsford Estate Planning Lawyers

October 22, 2018Estate Planning

Pittsford estate planning attorneys at The Law Office of Michael Robinson, P.C. provide help in preparing for the future. Far too many younger people do not get this necessary help because they think they have plenty of time to put legal tools in place to address end of life issues and secure their legacy. Unfortunately, if young families don’t put the right estate plan in place and tragedy strikes, this can be very bad for their family.  pittsford estate planning attorneys

You do not want to make things more difficult for your loved ones if something happens to you — and you also don’t want to be in a worse situation in the event of incapacity or serious illness than you have to be based on your circumstances. As a result, it is important to put a comprehensive estate plan in place when you are still young so you are ready for whatever life sends your way. The Law Office of Michael Robinson, P.C. can help.

Our Pittsford estate planning attorneys will work closely with you to identify the issues you need to address with your plan and to make effective use of legal tools to protect yourself and your family going forward. Give us a call today to find out more, or read on to learn why even young people need help to make an estate plan.

You Need to Ensure Your Family is Provided For

If you have a spouse or  children, they likely depend upon your income. You may also be providing care for children, or may be helping other family members such as aging parents. If you are no longer able to provide money or assistance to your loved ones, this could create financial and personal hardship. You want to ensure that you have money available to provide for your loved ones, and that they can receive an inheritance quickly if you pass on. An estate plan allows you to do that.

You Need to Protect Your Wealth

As you grow your money and property, it becomes important to take steps to protect it. You’ll want to be sure that you have chosen the right types of accounts for your retirement assets, and that you have a plan in place for how your money and property could quickly transfer to your family if something happens to you. You should also consider potential sources of risks to your assets and work with an attorney to minimize and mitigate those risks. For example, if you own a business, company debt or a judgement against the business could put your personal wealth at risk unless you’ve created separation by forming an LLC or incorporating.

You Need to be Prepared for Serious Illness or Incapacity

If something happens to you, decisions will need to be made on the kind of medical care you want to receive. If you can’t communicate your preferences at the time that decisions must be made, your family will be in a difficult position. You and your loved ones are better off if you have advanced directives in place. You also need to make plans for how nursing home care or home healthcare will be paid for if something happens to you and you are unable to live independently any longer.

You Need to Make Sure Your Kids are Appropriately Cared For

It’s important to make plans for what will happen to minor children who you are responsible for if you cannot raise them into adulthood. You should ensure you have named a guardian for your kids so you get to decide who raises them if you cannot do so. You’ll also want to make certain that your kids are provided for financially. Since minor children can’t directly manage money they inherit, you’ll need to use the Uniform Transfers to Minors Act to name a guardian or create a trust to determine what happens to money and property left to your kids.

Contact Pittsford Estate Planning Attorneys Today

Pittsford estate planning attorneys at The Law Office of Michael Robinson, P.C. can provide the type of personalized help young families need to make a comprehensive estate plan that is right for their life circumstances and family situation. To find out more about how our firm can help you, join us for a free seminar. You can also give us a call at 585-374-5210 or contact us online at any time for personalized advice.

  • Author
  • Recent Posts
Michael Robinson, Estate Planning Attorney
Michael Robinson, Estate Planning Attorney
Clients notice Michael Robinson’s unique approach to his estate planning practice the minute they walk through his office doors.
Michael Robinson, Estate Planning Attorney
Latest posts by Michael Robinson, Estate Planning Attorney (see all)
  • How Estate Planning for a Family May Trap the Unwary Practitioner - August 31, 2022
  • State Income Taxation of Social Security Benefits - August 24, 2022
  • Understanding Tax Apportionment Clauses - August 17, 2022

Other Articles You May Find Useful

How Estate Planning For A Family May Trap The Unwary Practitioner 150x150
How Estate Planning for a Family May Trap the Unwary Practitioner
State Income Taxation Of Social Security Benefits 150x150
State Income Taxation of Social Security Benefits
Understanding Tax Apportionment Clauses 150x150
Understanding Tax Apportionment Clauses
estate planning
Estate Planning in Five Easy Steps
How Do I Trust Thee…Part III 150x150
How Do I Trust Thee…Part III
How Do I Trust Thee…Part III 150x150
How Do I Trust Thee…Part I

Primary Sidebar

Law Office of Michael Robinson, P.C.

Blog Subscription

  • This field is for validation purposes and should be left unchanged.

Follow Us

  • Facebook
  • Twitter
  • Linkdin
  • Youtube

TESTIMONIALS

News & Events

Seniors Rock Radio Show Recording 5-1-21

https://drive.google.com/file/d/1U7UkQbEGy-xY7XFAXvX9Qz7pKSVDVV3D/view?usp=drive_web   Author Recent Posts Michael Robinson, Estate Planning AttorneyClients notice Michael Robinson’s unique approach to his estate planning practice the minute they walk through his office doors. Latest posts by Michael Robinson, Estate Planning Attorney (see all) How Estate Planning for a Family May Trap the Unwary Practitioner -... Read more →

Pittsford Office

1163 Pittsford-Victor Road, Suite 120 (Powder Mill Office Park)
Pittsford, NY 14534-3817
Phone: (585) 374-5210
Fax: (585) 485-0394

See Larger Map Get Directions

Map

mrobinson_sidbr_map

Footer

  • Advantages of Working With Our Firm
  • About The American Academy
  • Disclaimer
  • Privacy Policy
  • Sitemap
  • Contact Us

Connect with Us

  • Facebook
  • Twitter
  • Linkdin
  • Youtube
robinson law logo

The Law Office of Michael Robinson, P.C.

Attorney Advertisement


© 2023 American Academy of Estate Planning Attorneys, Inc.