As an estate planning law firm, we advise and counsel clients, and establish and implement a plans in order to protect individuals, families, and businesses in the event of illness, incapacity, disruption from the unexpected, and death. Who needs this advice, planning and protection? Simply put-everyone! Illness, incapacity, disruption from the unexpected, and death are inevitable. We all face these realities, so why not be prepared?
In 30-plus years of law practice, I won't say I've heard every excuse but I've sure heard my share. So I thought it might be interesting to share some of these excuses and my thoughts in response to them.
When you begin the estate planning process, certain decisions have to be made by you. As it comes to your beneficiaries, you have to decide who will receive your assets and in what amounts or percentages. When it comes to distributing your estate, you must decide who will be in charge. As it relates to your health, you must decide who can speak with your medical providers on your behalf. If you have minor children, perhaps the biggest decision you face will be who will be their guardian--i.e. their caretaker--if something happens to you.