Although many people believe that they only need to worry about estate planning later in life, this is a common misconception. Regardless of your age, there are a number of important reasons to have an estate plan – not only to protect your personal assets, but to protect your family and other loved ones as well. If you are a millennial in your 20s or 30s and are wondering if it is time to put a plan in place, it will be well worth your time to speak with an attorney. Here are just a few of the reasons why:

Getting divorced has a number of financial implications, and this means that it also has potential implications for divorcing spouses’ obligations to the Internal Revenue Service (IRS). When going through a divorce, it is important to keep in mind that various aspects of your divorce can have tax consequences; and, for many separating couples, tax planning can be a key component of the divorce process.