Am I too Young to Have an Estate Plan?

It is quite literally never too early to have an estate plan. If you do not have an expansive amount of cash or assets or if you are just starting out in your profession, California provides a free statutory will that can avoid intestacy. However, they are rigid in their composition and may not satisfy the needs of the testator. 

A solution to this without having to have a full estate plan would be to have a simple pour-over will and a trust. A pour-over will transfers all of your assets into your trust, which you can tailor to distribute them in a more personal and thoughtful manner.

Trusts are often considered the realm of millionaires and celebrities, but this is simply not the case. Trusts are useful to anyone philanthropic, who has children, or who has family with special needs. They can also provide that your well-earned money or property does not go to a someone that you would rather not receive it.

See Stephanie Farzam, Am I too Young to Have an Estate Plan?, LinkedIn, December 20, 2018.