Time is a funny thing. Everyone has the exact same amount of it, yet what is accomplished by each individual in that time is vastly different. And, at least in my life, I have found that when I perceive an abundance of time, less things are accomplished.
For example, think back to your school days . . . . Your term paper is due at the end of the term, so you, if you are like me, would not jump right into research on Day 1 – “There is plenty of time to do that.” At that time, other things seem more important.
But, as the due date starts to loom, all of your other classes have started assigning projects and assignments, and you feel overwhelmed. The term paper is now almost due, and you may have to pull some all-nighters to get it done (hopefully in at least a satisfactory manner).
With estate planning, the “due date” seems so far away and most people don’t want to face the reality that there is no set amount of years we are guaranteed in this life. In fact, for so many people, that deadline comes up faster than expected and there is not time to get the plan done, not even in a “satisfactory manner.”
We all need to do some planning. The time to do it is now – when there is time to think through the issues and formulate a plan specific to your particular needs. Don’t wait until right before the “due date.”
To ensure you are prepared for the possibilities of life, contact us today at 888.222.1328 to schedule a free consultation.
Contributed by MH Estate Planning Attorney James P. Plitz
About Morris Hall:
At Morris Hall, we have focused our legal practice on estate planning for over 40 years. Along with estate planning, our attorneys help clients and their families with matters of probate, trust administration, wills, power of attorneys, business planning, succession planning, legacy planning, charitable gifting and other important legal aspects. We also have divisions in financial, real estate and accounting to help you incorporate all of your planning together, ensuring that everything works perfectly for your needs and situation. Our Arizona offices are located in Phoenix, Mesa, Scottsdale, Cave Creek, Tucson, Prescott, Flagstaff and Arrowhead. 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.
- What the Proposed Treasury Regulations Mean for Deductions Under Internal Revenue Code Section 2053 - September 16, 2022
- Does Your Estate Have Sufficient Liquidity? - September 14, 2022
- Understanding Asset Protection Trusts - September 12, 2022