Even the strongest people worry about the future. Whether we like it or not, it is impossible to know precisely what will happen tomorrow – much less a week, month or year from now. Things change, sometimes in ways that challenge us. That’s life.
Fortunately, there are areas of firm ground out there, patches of stability even during periods of tumult. Estate planning, believe it or not, can be one of these spaces.
Certainty in uncertain times
An estate plan, at its core, is about guidance. Through a combination of legal tools, you can feel confident knowing your voice will always be heard, regardless of the situation. This, in turn, provides peace of mind – not just for you, but for your family and friends as well.
- Be certain your own personal medical preferences will be known – and followed
- Be sure your financial affairs are cared for if you are unable to do so
- Have confidence your heirs will be provided for
- Know any property you own will be handled appropriately
- Help save loved ones time and money, in turn reducing stress
Providing this type of detailed guidance is particularly important if you have another individual relying on you. It could be a partner that counts on your income, for example, or a child with chronic health needs. These types of situations can benefit greatly from careful long-term planning.
How to start an estate plan
An estate plan generally comprises multiple elements. That could include a will, a trust or trusts, a health care directive, powers of attorney and potentially much more. Creating a legal and effective estate plan often requires the help of an attorney, but there are a few things you can do to begin the process.
You cannot predict what’s to come. But with an estate plan, you can feel confident knowing you’ve provided loved ones a trustworthy road map.
No matter what the future holds.