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532: Building Generational Wealth? Don’t Lose It with This ONE Critical Mistake

BiggerPockets Money Podcast

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Estate Planning for Adults: The Importance for Everyone Over 18

Estate planning is crucial for individuals over 18, as they are considered adults and should have basic legal documents like healthcare power of attorney, healthcare directives, and financial power of attorney. Even young adults heading abroad or to college can benefit from these basic documents. Estate planning triggers usually occur with minor children, retirement, and aging, with complexity increasing as individuals age. Many don't realize the importance of estate planning until a critical event occurs where decisions need to be made for them.

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