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In this video, Mike Bernard discusses the importance of estate planning for college students. He emphasizes that while full estate plans may not be necessary, certain components are essential. He shares a personal anecdote from his junior year of college when a friend experienced severe abdominal pain, underscoring the unpredictability of life events. The story illustrates the need for preparedness and the potential significance of having some elements of an estate plan in place, even for young adults. Bernard encourages viewers to subscribe and stay informed about important financial topics.