Many people believe that estate planning is only for people who are particularly wealthy, have elaborate schemes in mind for passing their money to their heirs, or for people who are acutely ill and contemplating their death. This could not be farther from the truth!
As you are well aware, unexpected circumstances can happen to each of us with no prior warning. Severe, debilitating illness and certainly death are all too common. If you do not have an estate plan in force, then others will make decisions for you as well as create a plan for you. And be assured that these others may not be as focused as you are as to what are the best interests for you, your loved ones and your family.
Accordingly, estate planning is for every husband, wife, mother, father, grandparent, business owner, professional, or anyone else who has someone they care about, are concerned about providing responsibly for their own well-being and for the well-being of those they love, and for anyone who seeks to make a difference in the lives of others after they’re gone. Estate planning is not ‘death planning’; it’s ‘life planning’, and an essential and rewarding process for individuals and families who engage in it.
When done properly, estate planning requires that a highly trained individual lead you through one or more in-depth meetings to uncover your hopes, fears, and expectations for yourself and for those who are most important to you. This process almost always requires the preparation of several sophisticated legal documents, but those documents themselves are not ‘estate planning.’ Planning is a process, represented by a complete strategy that is properly documented and maintained by a professional who has taken the time to get to know you, and who is committed to continuing to serve you.
No matter what stage of life or chronological age you happen to be, it is never too early or too late to create an estate plan. The specific needs of a plan largely depend upon your life’s journey and your goals.
You have worked hard to achieve success and to provide for your family and loved ones, and you want to protect the fruits of your labor for your enjoyment today and tomorrow, and for future generations.
Even if you presently have such a plan, you should have it reviewed. An outdated or inadequate plan is worse than no plan at all. This way you can enjoy the peace of mind that comes from knowing that you and the people you love will be taken care of should some unknown circumstance occur.
For more information and to schedule a consultation, call Gail M. Fisher at (954) 315-1169.