“I’ll take care of that later.”
We’ve all heard or declared that intention in some context, right?
Maybe it relates to assembling all relevant documents for the annual tax-filing season. Perhaps it’s a repeated vow to get to promised chores at home. Or it could be a self-reminder regarding a job matter, a financial concern or a host of other I-really-should-do-this-now issues.
Consider estate planning for a moment.
This blog post forum will go out on a proverbial limb in surmising that getting started now on crafting and executing an estate plan is not a top entry on many readers’ to-do lists.
Many industry experts and commentators strongly suggest that it should be.
The quoted language leading off this blog entry comes courtesy of an in-depth Kiplinger article. That piece notably cites the imminent need for prospective planners to surmount procrastination and proactively engage the planning process.
Candidly, legions of people put that off. Most of us contemplating the future prefer to think of matters other than our own mortality.
But, then, a well-considered estate plan is really not so much about you, is it? And that is especially true where an interested third-party audience is involved.
Namely, that demographic comprises the people you hold most dear and logically want to nurture and protect both now and in the future.
“Estate planning is an important adult responsibility,” stresses an informed Rhode Island legal source on planning strategies. It adds that, “Preparing our loved ones for a secure financial future is something we should want to do.”
The broad-based utility of a soundly crafted estate plan
There are few gifts that are more timely and altruistic than the crafting of an estate plan that fully accounts for and protects future generations of surviving family members and loved ones.
Seamlessly integrated estate documents can help a family avoid the often lengthy and sometimes problematic process of probate. They can ensure privacy and necessary care for individuals with special needs. They can set forth clear directives to guide trusted agents designated to potentially act in important financial and health-tied matters. They can preserve assets, provide for lawful tax avoidance, specify a guardian for minor children, spell out inheritance details, chronicle family legacy, enable charitable giving and much more.
Paying attention to the details: proven legal counsel input
Estate planning is unquestionably a specialized legal niche marked by considerable complexities and laws that vary across states. Individual and family planners seeking to secure knowledgeable advice and diligent representation can reach out to an experienced estate planning legal team.