Why Estate Planning Matters for Gen Z and Millennials in Florida

By: Anthony Cetrangelo, Esquire

Many Floridians in their 20s and 30s earn income through side hustles, growing digital portfolios, investing in crypto and building online brands. The need to protect these assets with a formal estate plan often gets overlooked.

Florida law provides powerful tools for young adults to safeguard their digital lives, adapt plans as life changes, and ensure their wishes are clearly documented. Starting early offers clarity, control, and peace of mind—for you and your family.

Planning for Your Digital Footprint

Digital assets—like Bitcoin, NFTs, or social media accounts—are part of your estate. But without legal direction, they can become inaccessible. In Florida, you can designate a fiduciary in your Last Will and Testament or Trust to manage digital assets. The Florida Fiduciary Access to Digital Assets Act (FFADAA) allows fiduciaries (like Personal Representatives and Trustees) to manage and access the digital assets of a decedent. It is important to make sure your estate planning documents contain these important provisions.

Trusts That Adjust as Life Changes

Florida offers more flexibility in trust planning than many other states. A 2022 update extended the allowable duration of trusts to 1,000 years, which opens the door to long-term planning for future generations.

For younger adults, this flexibility allows trusts to be designed with review points tied to major life milestones—marriage, parenthood, or significant shifts in asset value. Some clients choose sunset clauses that distribute assets when a beneficiary reaches a certain age or create sub-trusts to hold specific asset classes.

The Case for Early Planning

Recent surveys show that nearly all Millennials and Gen Z adults own some form of non-traditional asset, yet only a small percentage have made formal plans to protect them. That disconnect can lead to unnecessary risk. Without clear instructions, families may be locked out of digital accounts or face tax complications that could have been avoided. Even with a modest estate, starting now creates a strong foundation that can evolve over time.

Bottom Line

Florida provides the legal structure to help you protect digital assets, adapt to life transitions, and align your estate plan with your personal goals. Whether you’re managing a growing crypto portfolio, running an online business, or thinking about the future of your family (or pets), working with an estate planning attorney who understands today’s realities makes all the difference. To begin the process or update an existing plan, feel free to contact me at anthony.cetrangelo@henlaw.com.