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The #1 Mistake Families Are Making (and They Don’t Even Know It!)

| Sep 16, 2019 | Estate Planning |

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Have you ever heard of the “silent killer”? It’s called PROCRASTINATION.

We all do it. Some more than others. However, procrastination is often times called the “silent killer” because too often people continually push off things they know they need to do and, unfortunately, it becomes too late before they realize they should have taken care of those things.

I see this on a pretty consistent basis with some of the people that come in and meet with me. In fact, I just saw this the other week. I met with a couple that had come in and met with me about 10 years ago. They never ended up moving forward and finally came back in and decided to get a Living Trust. Thankfully, nothing happened to either of them during that time. But, that’s not always the case. We have (more than I care to see) people come to see us when and it is too late to do anything-now someone is disabled and unable to make any decisions for themselves or the family comes in because someone has passed away.

I understand, firsthand, that estate planning and making decisions about what will happen to your assets and your loved ones when something happens to you is certainly not an easy thing to do. It can sometimes bring up some uncomfortable or difficult conversations and decisions to be made. However, I will say that having these matters properly taken care of and managed now, particularly while you’re able-bodied and mentally capable of making such decisions, is far easier on you (and the rest of your family) than if made out of necessity later on.

The good news for those that have already set up an estate plan is that they have already taken the first step; however, a common mistake many people make is believing that having your estate plan prepared is a “one-and-done” type of transaction. Laws change, family dynamics change, your assets and properties may change over time, loved ones may pass away, and new ones may join the family. Like most of the valued things you cherish in your life, your estate plan also requires regular, on-going maintenance and care.

HERE’S YOUR NEXT STEP

If you have not yet set up an estate plan (or need to have the estate plan you have had prepared reviewed), sign up to attend one of our upcoming seminars. During this presentation, you will learn all you need to know about how a properly prepared and maintained estate plan can and will protect you and your family. At the conclusion of the seminar, you will be offered the opportunity to schedule a free consultation with an attorney in our firm.

If you are an existing client of the Law Firm of Kavesh, Minor & Otis and you haven’t been in to have your plan reviewed to ensure that it is up-to-date (both with your wishes and any law or planning changes), call our office and ask to schedule a review meeting with an attorney. This meeting is absolutely free for our existing clients. Any updates or changes that you may want or need to make will be quoted at that time and it’s entirely up to you whether or not you wish to proceed.

At the very least, do something. You’ve worked too hard your entire life to properly care for yourself and your loved ones. Don’t let procrastination become the “silent killer” of your desires and goals for properly caring for your loved ones when the time comes. 

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