As the holiday season approaches, it’s a time for joy, celebration, and spending time with family. But amidst the festivities, it's crucial to consider the importance of estate planning. Just as you might get your surfboard out and wax it for summer or have your skis prepared for the slopes, preparing your legal affairs can provide peace of mind for you and your family.
Before we embark on holiday adventures, we all like to check our gear, clothes, and equipment. For example, in our office, Brad McDonald might get his surfboard waxed, while I had my skis waxed and edged last autumn. Similarly, prior to Christmas functions we all plan out our attire and secret Santa presents. So why not apply this same mindset to your estate planning?
Life is unpredictable, and while we may enjoy festive moments, it’s wise to acknowledge that certain events are inevitable—like death and taxes. However, there are also other pressing issues to consider, such as health challenges or financial concerns. Many of us recognize these realities but fail to plan accordingly, unlike how we prepare for skiing or surfing.
As you revel in holiday cheer, take the time to ensure your estate plan is up to date. A well-drafted will can specify how your assets should be distributed, while a healthcare directive and power of attorney can guide your family in making crucial medical decisions should you become incapacitated. This preparation can alleviate burdens on your loved ones during a challenging time.
Just like ensuring your gear is ready for a fun outing, planning for life’s uncertainties is just as essential. As you get your surfboard out for summer or head down to the lake to try out some new water sports, remember to review your estate and asset planning needs. It may not be as thrilling as hitting the waves, but it’s a vital step in safeguarding your family’s future. Embrace the holiday spirit while ensuring that your loved ones are cared for - it's a gift that truly lasts.
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