There are so many things in life that we plan for: vacation, retirement, grocery shopping. . . . So why do we do it? Planning gives us a level of assurance that what will happen is in our control, more or less.
We plan a vacation so we can get the most out of it. We can see the sights. We can maximize the activities. We can minimize cost (get those deals!). We plan vacations to get the most enjoyment out of our limited amount of time.
We plan for retirement to live in a lifestyle we have grown accustomed throughout our working years/. We save. We put money in IRAs or 401ks. We know that without this “nest egg,” we would continue to work into our 80s.
We plan our trip to the grocery store so we don’t buy things we don’t need. We plan so we buy all the things that we do. My wife is continually telling me to put those chips back, we have plenty at home. We plan with a list to keep the trip focused, to ensure our household has those things to make our daily routines comfortable.
But very few people plan their estates. When we all know that our time on earth is limited, it is strange to not plan for this inevitability. Obviously, our clients are in the minority, as they took that step to make things easier for their loved ones. Estate planning is much like those other plans I talk about; it sets out the provisions that you want to see done, when you are no longer with us.
Every estate is different. The plan needed for each of you is different. But making sure your family, your loved ones are taken care of with whatever you leave behind is reason to plan.
Call us today to schedule a complimentary consultation with one of our estate planning attorneys. We want to help you get your plan in place.
Contributed by Morris Hall, PLLC Albuquerque, Santa Fe and Las Cruces Estate Planning Attorney and Partner, Jim Plitz.
Why Choose Morris Hall, PLLC:
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, Morris Hall 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 three firms in Arizona that belong to the AAEPA and are the only firm in New Mexico that has been granted membership. If you have assets and loved ones that you want to protect, you are in good hands with Morris Hall. 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.
- Where Should I Store My Estate Planning Documents? - June 2, 2020
- Estate Planning Tips for Parents with Minor Children - May 5, 2020
- Why Would I Want My Trust to Be a Secret? - April 28, 2020