Offered by: Michael A. Dolan – Dolan & Associates, P.C.
As you advance through the golden years, you may start to experience loss of control in your life. You begin to realize that you can’t do everything you did when you were younger, both physically and mentally. Caring for the yard and maintaining the house becomes harder and eventually even driving and handling the checkbook can become a challenge.
You know that you are struggling in your day-to-day life, but your pride and concern over loss of control prevents you from asking for the help you need to keep yourself safe and protected. Then your kids show up and have the nerve to suggest that you sell your home and consider moving into an apartment or even an assisted living facility.
These transitions are hard but are often the right choice for you as you grow older.
An effective estate plan, that encourages family involvement and communication, can allow you to maintain control for a longer period of time as you age. Getting your family involved early can allow you to stay in control longer.
You need to realize that your children don’t want to take control anymore than you want to give it up! Starting early and allowing for a gradual transition produces better results for everyone involved. Don’t let a lack of planning on your part result in others taking control while you are still able! Take appropriate steps now and plan ahead for when you will need help later in life. This will enable you to remain in control as long as possible.
If you are not sure how to get started with the process, I encourage you to get some education around the subject. If you would like to learn more about available estate planning options, please visit: www.EstatePlansThatWork.com to sign up for a complimentary on-line educational workshop.
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