Do you have an estate plan? No? Why not?
Is it because you’re waiting until you actually accumulate an estate to plan for? For many years, my husband and I felt that to be our case. We were counting on going through with Plan A–living long enough to provide for ourselves and our children out of the earnings from our work. But, around the time our fourth son was born, we realized that even if we didn’t have much to think about in terms of where money would go, we needed a plan for the things that are thousands of times more important. Such as …
- Who would make tough medical decisions if we couldn’t?
- Who would take care of our finances if we couldn’t?
- Who would take care of our kids?
- What resources would that person have to take care of our kids?
And suddenly, the need for a plan, let’s call it Plan B, became obvious to us.
In my next post, find out what our Plan B looks like and why it makes sense for us. And please use the comments to ask questions you have about estate planning. Thanks for being part of the conversation.
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