Planning is “the act or process of making a plan to achieve or do something,” Merriam-Webster. We plan ahead of time. Planning for something after it occurred does not make sense. A plan is used to mitigate risks and enhance the possibility of success in a set of goals or objectives.
When estate planning, the goal is to make a difficult time (death or incapacity) a little bit easier on your loved ones. The estate plan outlines who will be your decision maker. The estate plan describes who will get your stuff (your assets) when you die.
So when should you plan your estate? Unless you have a crystal ball, the answer is now.
There are too many things that can happen if not properly planned. We hear all of the time how getting the plan signed and in place gives our clients a peace of mind. Gives them the ability to continue living life, without the fear that there will be problems when something happens to them.
We hear all of the time how people put off planning because of a fear that the planning will trigger their imminent demise. This is not a logical thought, but an emotional one. So, I will help get that thought out of your head.
When you see that the weather forecast calls for rain, when does it actually rain? When you remember to grab your umbrella (when you planned for the rain), or when you forget it? Of course it rains when you forget your umbrella.
So by planning your estate now, you will push off the storm clouds. Call us today and schedule your complimentary consultation so we can help get your plan in place.
Contributed byMorris Hall, PLLC Albuquerque, Santa Fe and Las Cruces Estate Planning Attorney and Partner, Jim Plitz.
What the Attorneys of Morris Hall, PLLC Can Do For You:
The attorneys at Morris Hall have 100’s of years of combined experience ensuring that families’ assets are protected from probate, unnecessary taxes, creditors, ex-spouses and Medicaid spend-down. Our Arizona offices are located in Phoenix, Mesa, Scottsdale, Carefree, Tucson, Oro Valley, Green Valley, Prescott, Sedona, Flagstaff and Arrowhead. Our New Mexico offices are located in Albuquerque, Las Cruces and Santa Fe. 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.