You Are Not Too Young To Lock Into Your Year End Estate Plan
Our generation has gotten a raw deal. The promises of financial stability that so many people in our parents’ generation grew up with now seem out of reach, or at least so uncertain that it seems naïve, if not irresponsible, to sink so much energy into pursuing them. Neither you nor any of your peers have any money to invest. If you are living from paycheck to paycheck, you are one of the lucky ones. A lot of people your age do not even have employment income and are stuck in an increasingly desperate search for gifts and loans, but hardly anyone has any money to give or to lend. The only thing that is certain is that all of this is temporary; we will all eventually die, with or without first experiencing temporary or permanent relief from our financial stress. Everyone who is mortal needs an estate plan, but making a New Year’s resolution to work on your estate plan is an optimistic move that belongs to a more innocent time. There is no telling if we will even be here next year. Therefore, it is a better idea to lock in now and see how much estate planning your broke, stressed-out self can accomplish between now and the end of the year. You don’t have to do it alone. You can work on your year end estate planning with the help of an Orlando estate planning lawyer.
In the New Year, You Can Brag About Your Year End Accomplishments While Everyone Else Makes Resolutions
Today’s working adults have always lived with a barrage of stress and distractions. They have resigned themselves to the fact that it is virtually impossible to live in a permanent state of simplicity and relaxation. Therefore, their best hope is to pursue their goals by temporarily disengaging from their electronic devices, or at least the most distracting features thereof, and focus on their goals for a few weeks or a few months before returning to social media to dish the dirt about what happened while they were away. Generation Z refers to this period of intense focus as being “locked in.” No one can do it forever, because real life will always demand our return, but while you are locked in, you can accomplish a lot.
According to journalists, young people in all 50 states are stepping away from their smartphones and locking in for the last quarter of 2025. The goals they are pursuing sound like the desperate moves of a generation that cannot imagine a brighter future; they are pursuing revenge bods, because they cannot reasonably hope for anything better than to compete with their peers over looks.
As for you, you can lock in and work on your estate plan. Between now and the end of the year, write your will, or write a second draft, if you already have a will. Figure out if you can afford to give cash gifts, and then use the annual gift tax exclusion to alleviate the financial stress of your younger family members.
Contact Gierach and Gierach About Estate Planning for People Who Can Still Block Out Distractions
An estate planning lawyer can help you revise your estate plan by starting with the most easily attainable goals. Contact Gierach and Gierach, P.A. in Orlando, Florida to discuss your case.
Source:
vox.com/culture/464023/great-lock-in-tiktok-hard-75-winter-arc-gen-z
