When you evaluate your responsibilities as an adult it is only natural that you would prioritize matters that seem to be more immediately relevant and place those “that can wait” onto the back burner. The problem with this line of thinking is the fact that you really can’t say with any certainty exactly what it is that can wait and what can’t. This is very profound as it relates to estate planning.
Many people have difficulty addressing their own mortality and as a result making plans for their twilight years and the ultimate distribution of their assets after their death is something that they would prefer not to address. Yet, few people stick their heads firmly into the sand and simply refuse to acknowledge the need to formulate an estate plan. They just think that they have plenty of time to do so.
This attitude might seem innocent enough on the surface, but it can also be viewed as somewhat arrogant. If you go to the children’s ward of any hospital or simply tune in to the news on any given day you’ll see and hear about countless people who have faced death and actually passed away long before it would seem fair or appropriate. Life is a gift, not a given.
When you visit with an estate planning attorney and take the time to devise an estate plan, you’re doing it for the benefit of the ones that you love. You’re not making the statement that you have any intention of dying in the near future; you’re simply doing the responsible thing and making sure that your wishes are known and your loved ones are properly provided for come what may. No one knows what the future holds, and there are responsibilities that go along with settling your affairs upon your death. Therefore, if you are a living, breathing adult human being of any age, estate planning is relevant to you.
- Proper Planning Can Prevent a Conservatorship - September 16, 2021
- The Tax Man Cometh: Adjust Your Estate Plan Now - September 14, 2021
- Does Medicaid Seize Remaining Assets in a Special Needs Trust? - September 9, 2021