Based in Illinois, Heidi Scott owns and operates Schuyler Brown Land Title, a firm that does Illinois real estate title examinations. She also leads the Law Offices of Heidi Scott, which focus on the legal areas of tax law, real estate, and estate planning.
Estate planning involves legally documenting who will take care of your assets or how they’ll be passed down in your absence. While most young people think they don’t need an estate plan until they’re older or have more money and assets, financial experts recommend individuals start estate planning upon reaching 18. They recommend this because at 18 you legally become responsible for your finances and healthcare in some states. If you start estate planning at 18, you should review the plan every three to five years as your wealth grows.
One of the key advantages of beginning an estate plan early is that it will give you peace of mind that your assets such as stocks, bank accounts, life insurance policies, belongings, home or apartment will be accessible to your family and will help support them when you can no longer do that.
Heidi Scott (Illinois) 