Why is estate planning crucial for younger families?
Chris Ruffino joins Michael Parise to talk about estate planning and why it’s important not only for older generations but for younger families, too. Together, they go over topics such as guardianship, trusts, asset protection, privacy, and coordination of planning between generations.
Michael and Chris discuss:
- Why guardianship is the number one reason young families should have an estate plan
- The benefits of utilizing trusts to protect assets for the next generation
- How trusts can help families create wealth and distribute it
- How trusts can help families keep things private and bypass probate
- The concept of being “stuck in the middle” and the role of trusts when it comes to addressing the needs of the sandwich generation
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