These days, way too many people put off drafting their will or trust until “tomorrow”. In a way, it is understandable, because no one likes to think about death (especially their own). However, the reality is that it is coming for all of us, and putting off drafting your will, trust, and other estate planning documents until “tomorrow” could be a huge mistake.
I recently turned 50, and I am amazed at the number of funerals I have attended lately for family members, friends, and clients in their 40’s, 50’s, and 60’s. I guess you never know how much time you really have, and I have seen way too many families put off doing the proper planning now only to have a tragedy (either death or incapacity) hit them later before they had a chance to put their plan in place.
This may apply to your parents too. You would be amazed how often an older parent tells their son or daughter that everything has been signed or updated, when the parent has either not done so or forgets to do so. As a result, if it’s your mother or father, I strongly recommend that you make sure that these key documents are in fact completed and signed according to their wishes.
Most of the time, there is a triggering event that makes people come into my office to draft or update their will or trust. Perhaps it is a cancer diagnosis, the death of a parent, or Altzheimers/dementia issues for a family member. Whatever it is, these triggering events get people to say to themselves, “I have to do something for myself and my family, and I have to do it now.” Perhaps this blog is the trigger for you or for a loved one to start this process. You would also be amazed at the peace of mind that my clients feel after they have signed their wills or trusts and have these documents in place. I think that most of them would agree that this piece of mind feels a heck of a lot better than the lingering doubts in their minds beforehand.
Our firm has helped hundreds of families just like yours handle a wide variety of estate planning, probate, and trust administration issues. In particular, we have experience in handling all different kinds of estate planning, probate, trust administration, guardianship, and conservatorship matters. When families are not getting along, we can also help you to handle any disputes and litigation related to wills, trusts, guardianships, or conservatorships as well. Please give me a call, so that I can help you work through these difficult issues with confidence.