When you make plans for the future, you generally do so with the anticipation that you will be the person who benefits from your actions. Estate planning is different in this regard because the plans that you make are made for the well-being of your family members.
If you are proactive about providing for those that you love you gain a certain peace of mind. You can go forward knowing that you have upheld your responsibilities all the way through the “finish line.” It guarantees you leave a legacy of being a responsible adult, acting in the best interest of your family.
At the same time, if you procrastinate and do not make any plans for the future, you are not the person who is being put at risk. It will be your family members who will be left behind to pick up the pieces. The grief of losing a loved one is devastating enough without having to wrestle with financial challenges at the same time. Believe me – they will recognize what you failed to do and they will not appreciate it.
Even if you did have financial resources when you passed away that would eventually get into the hands of your next of kin, if you don’t leave behind instructions everything gets delayed. In addition, disagreements can erupt among family members about what you would have wanted had you stated your wishes. This can be a great big mess that could have been avoided had you simply executed the appropriate estate planning documents.
Ongoing procrastination is really not acceptable. If you do not have an estate plan in place at present, right now would be a good time to pick up the phone to arrange for a consultation with a licensed and experienced Kansas City estate planning lawyer.
Author, President and Founding Attorney
Parman & Easterday