End-of-life financial planning can be a sensitive but crucial topic. Gregg George, managing director and senior relationship manager at Crescent Grove Advisors, talks to Wealth! about how individuals should approach this important task.

George advises that people should start thinking about end-of-life financial planning in their early 30s. He notes that this is the time when people are typically “starting their own families” and stresses that “you have to plan for that eventuality.” While that may seem young, George warns that “unfortunately, bad things can happen,” so it’s better to “have everything sorted out for those who outlive you.”

“It’s a process,” George tells Yahoo Finance. “What you think at 45 is very different from what you think at 55, 65, etc.” He stresses that starting early allows time to “review these plans regularly” and make sure they reflect your current desires.

Millennials are increasingly being referred to as the “sandwich generation” as they enter adulthood caring for both their own children and their aging parents, who may be making their own retirement arrangements.

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This article was written by Angel Smith