Offered by Dolan & Associates, P.C.
Mary met with an attorney to help her draft some estate planning documents. She took her documents and placed them in her safe deposit box. When her children came to Easter dinner, she proudly told them that she had met with a lawyer and that “It’s All Taken Care Of”.
Mary had taken a critical step towards having an estate plan that would help things go more smoothly for her family on her death. However, she, like many people, led her kids to believe
that upon her death there would be nothing else to do because she had some documents.
Look at it from the perspective of the children. They have taken their mom at her word, that “It’s All Taken Care Of”, and unfortunately assume that there is virtually nothing to do upon Mary’s death. This is a critical mistake many families make. The children believe there is nothing to do when mom dies because she bought some documents. The reality is that there is a lot to do when a person dies. There are no magic documents that miraculously automatically take care of things. Someone has to do things at the time of your death, and it’s usually one of the family members.
Family members generally don’t know what to do, how to do it, or understand how they should be paying for the assistance they need. There is a 100% chance you’re going to die. And, there is a 100% chance that someone’s going to 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 they are going to pay for it.
Remember, estate planning is a process of preparation prior to your death. It is not an event or 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.
Click here to view Dolan & Associates on The Brighton Buzz Business Directory