One common excuse for not making an estate plan is age. Many people think being young excuses them from having to prepare for the possibility of death. It may be that they feel invincible or think they don’t have any assets to transfer, but statistics show otherwise.
According to the Social Security Administration, one out of eight of today’s 20-year-olds will die before they turn 67. That really puts things into perspective. With that in mind, there is no time like now to start your estate plan.