Hopefully, you noticed my blog didn’t appear at the beginning of the month. Life happened… clients called, an amazing new nephew was born, and of course a three month old just needed his mom. Time flies away and we don’t know where it goes. I’m sure it happens to us all, but I am guilty of it this month. I kept intending to take the hour to sit down and write, but it just kept getting moved to the bottom of the list. I hear this on a regular basis about estate planning.
Everyone knows estate planning in some form is important. But it’s not often urgent, so it gets put behind the things that are. The unfortunately thing is that once it becomes urgent, it’s often too late.
I’ve received several phone calls over the last few years when a loved one goes into the hospital. The person hospitalized never took the time and then the family is frantically trying to get assets titled so probate won’t be necessary. Often it’s just not possible.
Even if you’ve formed your estate plan, is it up to date? Have you funded your trust? Accurately listed your beneficiaries?
So, consider this your reminder. Don’t make your loved ones rush around when they don’t have the time. Make the time now and put it at the top of your priority list. In the grand scheme, it doesn’t take long and once done is just another thing you can cross off your list.