I get it, it’s not pleasant to think about. Planning for loved ones lives after our death is uncomfortable at best and downright daunting at worst. The fact of the matter however, is that setting up even just a Simple Will, can save your loved ones time, energy and stress after your passing, and what better gift to give to them and yourself than peace of mind. An Estate Plan is an indispensable tool that allows you to make necessary arrangements for after you die and gives you an opportunity to anticipate and clarify any potential confusion about important matters upon your death.
It’s important to understand also that the gravity of estate planning gets even heavier if you have children. Making your wishes known about how you want your children cared for and by whom in the event of your passing is a vital responsibility that every parent has and should meet. According to the American Pregnancy Association, current data indicates that 55% of parents do not have guardianship provisions or advance medical directives (living wills) set up. Without a living will, your loved ones may end up tormenting themselves over decisions about end of life care for you. . .unsure of what is best. Without a guardianship provision, your loved ones may similarly end up tormenting themselves (and your children) over what is best for your kids. Making the tough decisions easier on the people you care most about during a difficult time is the way to go.
You know, Mason Cooley once said, “Procrastination makes easy things hard, and hard things harder.” While this may be true, the good news is, the choice is yours! The hard part is only motivating yourself to face your mortality from a pragmatic perspective. Once you achieve that, give an attorney a call and the rest is easy. Keep it easy by taking care of your loved one’s tomorrow, today.
Have questions about Estate Planning? Well, we have answers! Follow us in our next post where we'll outline fundamentals about the Estate Planning process and the important documents that go along with it.
As always, the publication of this post does not create an attorney-client relationship. Nor can the posting be considered “advice” as every situation needs to be evaluated according to its own facts. These posts are intended as informational only and you should always contact an attorney licensed in your state for information about your specific situation.