Being proactive about seeking out estate planning advice is certainly a good idea. It is important to recognize the fact that you are gambling with the well-being of your loved ones when you are going through life without an estate plan, and this is really not acceptable.
While it is wise to take action, in fact advance planning opportunities are usually going to come to you. Most people are first introduced to a basic plan for the future when they get their first “real job.”
A high percentage of employers are going to provide life insurance as a benefit, and they will usually give you a foundational amount of coverage at their own expense. You should evaluate this figure carefully and take advantage of the opportunity to purchase additional coverage if you have family members that are relying on your income to maintain their standard of living.
You may also be offered the opportunity to participate in a 401(k) plan at work, and many employers will match your contribution up to a certain percentage. This is a great opportunity, and financial planning advisers will always recommend that you take full advantage of the employer match.
If you keep your eye on the prize throughout your working career you should be able to take incremental steps that lead to a comfortable retirement and a lasting legacy. To discuss strategies with an expert, take action right now to arrange for an appointment with a licensed, experienced, and savvy Cleveland OH financial planning lawyer.