A good friend of mine is very concerned with how much time that he has left. In fact, he has determined his life expectancy based on his health, where he lives, what he eats and a number of other factors. He pretty much knows “by the numbers” when it will be his time. Sounds a bit morbid doesn’t it?
For every Sunday, from now until he expects to pass away, he has placed a marble in a glass jar. He expects that he will live for 40 more years so he has placed 2080 marbles in his glass jar. That’s a lot of marbles.
Now what? For every Sunday that passes, he removes a marble. So he knows how much time he has left. I was very curious as to why he would do this. His simple answer is, “By knowing how much time I have left, I want to be sure that I make each moment – or marble – count.” The fewer the marbles in the jar, the less time that he has left. For him it is a constant reminder to not let things pass him by, to take the opportunities, and to make memories. Those are all good things to do.
However, what results if the unexpected happens and he really has less than the 2080 marbles originally placed in the jar? What other planning should be done while you still have plenty of marbles?
Even though the jar looks pretty full, a plan should be put in place now for his assets, savings and special items. This is an easier step for him to take than for most people because he has already faced the reality of his death. It is a great time to create an estate plan.
We should never take for granted what our ‘expected’ lifetime is. After all it is, for all purposes, simply an average. We all know that something unexpected can happen at any time.
Why Choose Morris Hall:
You have a number of options when it comes to estate planning, so why pick Morris Hall? First off, estate planning and asset protection are a very complicated endeavor and you should only trust someone who focuses exclusively on those matters. Also, MH is a proud member of The American Academy of Estate Planning Attorneys (AAEPA) which provides us additional support, advanced training, tools and information that is not available to others – which means that we can better protect your assets and your loved ones. We are one of only two firms in Arizona that belong to the AAEPA and are the only firm in that has been granted membership. If you have assets and loved ones that you want to protect, you are in good hands with MH. Contact us today at 888.222.1328 to schedule an appointment!
This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.