Why it’s Time for Millennials to Create Their Estate Plan

When most people hear the term estate planning, they picture retirees with significant wealth, multiple properties, or business interests. But here’s the truth: estate planning isn’t just for the wealthy or the elderly. It’s for anyone who wants a say in how their assets, responsibilities, and values are carried forward. And that includes millennials.

 

Millennials (born between 1981 and 1996) are now in their late 20s to early 40s—a stage of life where careers, families, and wealth accumulation are taking shape. Yet estate planning often falls to the bottom of the to-do list, if it’s thought about at all.

 

Let’s look at why having an estate strategy matters for millennials:

 

Protecting Young Families

Many millennials are raising young children. An estate plan allows you to designate guardianship answering the critical question: Who will care for my children if something happens to me? Without a plan, the courts decide, not you.

 

Managing Student Loans and Debt

Millennials carry more student loan debt than any previous generation. While federal loans may be forgiven upon death, private loans or co-signed debts can become burdens for loved ones. An estate plan helps ensure these responsibilities are handled fairly.

 

Digital Assets Matter, Too

This generation lives online. From social media accounts to cryptocurrency wallets, digital assets often have financial and sentimental value. Without clear instructions, loved ones may not be able to access or manage these accounts.

 

Healthcare Decisions in Advance

Life is unpredictable. A healthcare proxy and living will make sure your wishes for medical care are followed if you’re unable to speak for yourself. This spares your family from painful uncertainty during a crisis.

 

Growing Wealth and Property

Millennials are buying homes, starting businesses, and investing in the markets. Even if your net worth feels modest, you’ve worked hard for it. An estate strategy ensures it’s managed and transferred according to your wishes.

 

Peace of Mind Now, Flexibility Later

An estate plan isn’t a “set it and forget it” document. It evolves as your life changes: marriage, kids, career growth, new assets. Starting now gives you peace of mind and creates a framework you can easily update over time.

 

The Bottom Line

Estate planning is about control, clarity, and care. For millennials, it’s exactly the right time. Having an estate strategy doesn’t just protect assets, it protects the people you care about most.

At Evergreen Wealth, we help clients of every generation build plans that reflect their values and goals. We work with your CPA, attorney and other important professionals to make sure everything is aligned. Whether you’re raising a family, launching a business, or growing your investments, now is the moment to make sure everything is protected.

📅 Ready to start your estate strategy? Let’s talk.

 

 

 

This presentation is not an offer or a solicitation to buy or sell securities. The information contained in this presentation has been compiled from third-party sources and is believed to be reliable; however, its accuracy is not guaranteed and should not be relied upon in any way whatsoever. This presentation may not be construed as investment, tax or legal advice and does not give investment recommendations. Any opinion included in this report constitutes our judgment as of the date of this report and is subject to change without notice.

 

Additional information, including management fees and expenses, is provided on our Form ADV Part 2 available upon request or at the SEC’s Investment Adviser Public Disclosure website, www.adviserinfo.sec.gov. Past performance is not a guarantee of future results.