Joe thought he had plenty of time to plan. But one night he swerved to miss a car in his lane and left the road. Now his family faces probate.
Gary was a 40-year-old fairly health guy. Never thought about planning. However, one day on his way to work his chest started hurting and his left hand went tingly and numb.
Gary didn’t expect to have heart troubles. Nor did he expect to stay in the hospital for three days. Fortunately, it wasn’t a heart attack. It was a serious condition, but not a heart attack.
But, if it had been serious, Gary would have benefited from having the proper powers of attorney in place so that his family wouldn’t be burdened going to court to get a guardianship.
In my opinion, if you don’t have a plan, you need to start right away.
None of us can truly predict the future. We plan for all sorts of things that might happen and should happen. Like retirement. But we may never see that day. However, that doesn’t mean we didn’t plan for it.
I can say with 100% certainty, you will need an estate plan. And if you don’t write it, one has been written for you by the government. One that takes control out of your hands and out of your family’s hands.
Estate planning is for anybody that wants to stay in control, not lose their freedom to choose, and want their family to have the easiest time possible during difficult times.
All this to say, you should start planning as soon as possible because you don’t know what tomorrow will bring for you.