Attorney Jeffrey P. Coleman explains who needs estate planning and provides an example of when it would have been beneficial to have an estate plan in place.
Video Transcript:
Really, every adult needs estate planning. I’ll give you an example: when those college students at Virginia Tech had the shooting some years back, a lot of them hadn’t done estate planning; they didn’t have powers of attorney, [so] their parents couldn’t find out what was going on with their health because the doctors wouldn’t talk to them. That’s a perfect example [of] why every adult needs estate planning.