When is the Best Time to Make an Estate Plan?
“When is the best time to make an Estate Plan” is a question that I hear often. Sometimes, depending upon the questioner’s sense of humor, I will sarcastically reply “At least six months before your die!” The truth is there is no better time than the present to take care of these essential issues. No one likes to think of their own mortality, but many families are caught off-guard and unprepared when incapacity or death occurs. Knowing that your instructions, wishes, and intentions are properly set forth and in place will give you and your loved ones great peace of mind and the asset protection that you need. Developing a unique and comprehensive estate plan will be one of the most mindful and considerate things you can do for yourself and your family.
Another truth: Its selfish to not have an Estate Plan in place. Why? Because all procrastinating does is push the fret, worry and work off of you and onto your surviving spouse and children. But its worse because your family will have to figure out or guess what you would have wanted. I can't tell you how many times I've sat in my conference room with the families of deceased parents and heard them say "Why didn't Mom and Dad take care of this while they were alive?"
If you’ve procrastinated long enough, contact us for a free consultation to start getting your affairs in order.
Donald R. Jones, Attorney