Kavesh Minor & Otis

Pope Benedict XVI’s announcement of his resignation … surprised the world. But while there’s only one pope, there are thousands of other professionals – including chief executives, entrepreneurs, university professors with tenure and artists – who face a similar conundrum: When you’ve got a job for life with no official retirement age, how do you know when it’s time to go?

Have you heard the news? Pope Benedict XVI will be the first pope to step down from his post in 600 years. Beyond the future-trivia questions, any question of religious affiliation, or the political scandals, there is a lesson to be learned and some important personal questions to be considered against this historic backdrop.

While you may not have the same problems or responsibilities as the Pope, have you reflected on your own future and when may be time to step down? This especially is true if you have no mandatory retirement age for your position.

A recent Marketwatch article titled “Retirement lessons from Pope Benedict” explored this timely issue. Whether you are the Pope, a business owner, or even a CEO there is always the question of succession. Aside from the business aspects, on a personal level make sure your advance health directives are current in the event you became infirm or incapacitated. While you are at it, a good top-to-bottom review of your estate planning likely is in order.

So, if you are responsible for millions of souls or just a few, the basic teaching point is the same. As the Boy Scouts famously advise – be prepared!

Do You Need To Speak With An Attorney About Estate Planning?

If you need to speak with an experienced estate planning lawyer please contact us online or call us directly at 800.756.5596 to first register for one of our free, informative seminars. Your attendance will qualify you for a special discount for our estate planning services should you decide to make a free appointment at the conclusion of the seminar and choose to proceed with us. We proudly serve clients throughout California with offices in Torrance, Newport Beach, Orange, Woodland Hills and Pasadena.

Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 40 years.
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