“Only put off until tomorrow what you are willing to die having left undone” Pablo Picasso
Estate planning is about more than having a will to distribute property when one dies. Perhaps the most important aspect of estate planning is planning for how one will live as they age, which includes planning for disability and long term care.
Making sure that a loved one with special needs has access to all the opportunities and services necessary for an enriching life can be costly and difficult to coordinate.
“To be trusted is a greater compliement than being loved.”
~ George MacDonald
Being appointed as trustee is a very real demonstration that you are seen to be trustworthy, that you have the judgment and ability to handle responsibility. It is a great compliment – And make no mistake, being a trustee is also a great responsibility. A trustee holds legal title to property for someone else – the beneficiary.
“Live as if you were to die tomorrow. Learn as if you were to live forever.” Mahatma Gandhi
While it can be difficult to confront your own demise, setting up an estate plan is important to ensure that your wishes are followed and your loved ones taken care of after your death. Your estate plan puts your last wishes, hopes, desires and choices down on paper, in black and white, for all to see. The words on the paper speak for you when you cannot.
If a man dies and leaves his estate in an uncertain condition, the lawyers become his heirs. Edgar Watson
Nobody relishes the task of making out a will. Squarely addressing the prospect of your own mortality can be upsetting. Sitting down to prepare a Last Will and Testament is not at the top of anyone’s “this is a fun thing to do” list.
“Just like the state, if you don’t have a plan in writing, the IRA has a plan for you”
If the distribution of your property is important to you, you can use a will or a trust to give instructions about who gets what when you die. If you die without a properly executed estate plan, state law will determine how the probate court will divide and distribute the things you own. Of course, the state of Georgia’s estate plan won’t take your particular wishes into account. So, most people prefer to put their own plan into place.
“For many of us, the task of putting together an estate plan is one of those “to-do’s that never seems to get done.”
It’s that time of year again. Yes, it is New Year’s resolution time. Is estate planning one of your “resolutions” for 2014?
“Studies show that over half of
Americans do not have a will”
One of the best reasons folks engage in estate planning is to ease the burdens surviving family members will carry in the event of our death. Any of us who have lost a loved one know that it is a difficult time – full of emotion and sorrow.
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