Offered by: Michael A. Dolan – Dolan & Associates, P.C.
Mary had an attorney draft up some estate planning documents. She placed them in her safe deposit box. When her children came to Christmas dinner, she proudly told them that she had met with a lawyer and her estate is “All Taken Care Of”.
Mary took a critical step towards having an estate plan that would help things go more smoothly on her death. However she, like many people, led her kids to believe that because she had some documents upon her death there would be nothing else to do.
Look at it from the perspective of the children. They took their mom at her word, that it’s “All Taken Care Of,” and unfortunately assumed that there was nothing to do upon her death. This is a critical mistake many families make. The reality is that there is a lot to do when a person dies. There are no magic documents that miraculously take care of things. Someone has to do something at the time of your death, and it’s usually family members.
Most family members don’t know what to do, how to do it, or understand how they should pay for the assistance they need. There is a 100% chance you’re going to die. And, there is a 100% chance that someone will need to do something after your death. If things are going to go smoothly and effectively after your death, you must take steps to prepare your family. Prepare them to know what to do, how to do it, and how to pay for it.
Remember, estate planning is a process of preparation prior to your death. It is not getting a certain type of document. By taking the time to prepare, you can assure that the process will go more smoothly for your family.
If you would like to learn more about an alternative estate planning process that is producing great results for families, visit: www.EstatePlansThatWork.com to sign up for a complimentary educational workshop.
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