As a young individual, you know there are plenty of areas in your life that require immediate attention. Maybe you still have some student debt to pay off, or you are looking to upgrade from an apartment to a house. Based on how you have seen your family or society work, you might have a certain set of expectations on when to place your financials at different points in your life.
However, there are some aspects in life that require long term planning. While there has been more attention placed around saving for retirement, that is not the only part of life that can benefit from early planning. You can also start estate planning as early as your 20s, however most Americans do not practice it. Over half of the country does not have a will or trust in place, and there are only 22 percent in the 18 to 36 demographic that do. The major question asked by millennials is what do they have to benefit from early estate planning.