Estate planning is of course not a one-size-fits-all exercise. Passing along assets and establishing guidelines for health care decisions is highly individualized work. Though there are common patterns that occur as people face these decisions, there is no ready-made template for making them.
Young people in their 20s and 30s have a lot on their plates. Finishing school, starting a family, launching a career — all are inherently challenging. Indeed, the combination of increases in the cost of college and the sluggish post-Recession job market can make stepping fully out into adult life harder than ever.