“The first step is to begin the conversation about what is most important for your family’s future”
In the middle of a Georgia summer, the days are long and it seems like we’ve got more time for the things we enjoy.
The kids are out of school, and work slows down a little. If we’re lucky, we get some extra time with our family, spend lazy days at the pool, and vacation with children and grandchildren. It can feel like summer will last forever.
But we all know that August is just around the corner. Another school year will begin and work will kick back into high gear. The kids will need school supplies and new clothes for school. All too soon, parents will find themselves crossing off items on the back-to-school list and standing in the check-out line. Fortunately, the schools publish a supply list for each grade so parents know exactly what is needed to be prepared on that first day of school.
What should your plan look like? Do you need more than a will and a power of attorney? Does your family know your wishes for medical treatment? As you age or become ill, what benefits (Medicaid, VA) are available to you? Can you protect what you have earned from predators without losing control of your assets? Is a trust the best way to protect your assets? If so, what kind of trust?
The answers to these questions are different for every family. The first step is to begin the conversation with one another about what is most important for your family’s future.
Knowing that fall is coming shouldn’t make summer less enjoyable--the knowledge that fall is coming allows you to be prepared for all the events that fall brings. So enjoy your summer! Make the most of your time with the family. There is no better time to start a conversation about what is important to you when life’s changes unpredictably--but inevitably--occur.“Give your family a playbook to follow when life altering events occur”
James M. Miskell received his law degree from the University of Georgia in 1993. His Asset Protection and Estate Planning Law practice is located in Lawrenceville, Georgia. He offers free educational workshops and consultations to assist clients as well as fellow professionals in creating individualized solutions.