Study Shows That Younger People Who Have Had COVID-19 Are More Likely To Create An Estate Plan

The pandemic has radically altered perceptions on a variety of different issues and estate planning comes in at the top of that list.

Young Adults Are Seeing how Estate Planning Works

Those people who have had a serious case of COVID-19 are 66% more likely to have already created a will than those who did not get seriously sick, according to a 2022 wills and estate planning study conducted by caring.com. The number of young adults who now have estate planning documents also increased dramatically by up to 50% in the area of the pandemic.

Even though there have been significant increases in the numbers of people who have accomplished getting their estate planning done, one in three people still do not have a basic will. Even without a large retirement fund, expensive home or any other valuable assets, there is no minimum level of wealth required to put together an estate plan and you can make things much easier for your loved ones by doing the necessary planning in advance.

If you have recently turned 18 or are in college, you need to work with an experienced lawyer to help you create an estate plan. A lawyer can help you cover the basic needs for estate planning for young adults.

We Make Wills and Estate Planning Easier

If you have minor children or specific wishes about what you do want to happen to the assets in your estate, it is very important to document these in a will. Schedule a time to meet with a dedicated estate planning lawyer to learn more.

Disclaimer: This blog post is for informational purposes only and does not constitute legal advice. Reading this content does not create an attorney-client relationship. For legal advice specific to your situation, please consult with a qualified attorney.

About Tiffany A. O'Connell, JD, LLM, CELA, AEP

Tiffany A. O'Connell, JD, LLM, CELA, AEP is the CEO and Founding Partner of O'Connell Law, an estate planning and elder law firm serving clients across Massachusetts, New Hampshire, and Vermont. She is one of a select group of attorneys in Massachusetts certified by the National Elder Law Foundation as a Certified Elder Law Attorney (CELA). Tiffany focuses her practice on estate planning, trust and probate administration, Medicaid planning, long-term care planning, Alzheimer's planning, charitable planning, and retirement and wealth strategies. She has been helping families plan for their futures since opening her practice in 2010.

Credentials: JD, LLM, CELA (Certified Elder Law Attorney — National Elder Law Foundation), AEP (Accredited Estate Planner)

Licensed in: Massachusetts

Areas of Practice: Estate Planning, Elder Law, Medicaid Planning, Probate & Trust Administration, Alzheimer's Planning, Asset Protection

View all posts by Tiffany A. O'Connell, JD, LLM, CELA, AEP →

Disclaimer: This blog post is for informational purposes only and does not constitute legal advice. Reading this content does not create an attorney-client relationship. For legal advice specific to your situation, please consult with a qualified attorney.