4 Short, Plain-English Reasons You Should Make Estate Planning a Priority in the New Year

This blog has been in a series on Estate Planning 101 for some time. One of the reasons for that focus is that Estate Planning is such an important topic.  Another reason is that so many clients and others I meet have questions about it.  As with many areas in the modern world, there is so much information floating out there, it is hard to sort through it all.

Today, I want to come up from looking at some of the details of the “trees” we have been exploring in this series and look more at the big picture of the “forest”  in this post.

Here are 4 short, plain-English reasons you should make Estate Planning a priority as we head into the New Year:

You May Need Help

There may come a time in your life when you become unable to take care of yourself because of mental or physical problems. This period may be short, or it may go on for some time.  You need to have someone trustworthy named to take care of you.  And you need to give them a plan and the authority they need to do so.

Others Depend on You

There are people who rely on you, especially if you have children or other dependents. You need to make sure they are taken care of should something happen to you.

Your Life’s Work

Many people have spent their lives building a business, sacrificially saving and investing to establish a nest egg, carrying on a family farm or ranch, or otherwise doing important work and building important things. You want to make sure your life’s work is taken care of properly in your life and at your death.

Negative Consequences of Failing to Plan

Many people would rather not think about these things. It is hard to know the best thing to do.  It takes effort to put together a plan.  But the consequences of not having a plan are almost always negative.

If our office may be of assistance to you in these areas, do not hesitate to contact us at (580) 338-6503 or at coryhicks@fieldandhicks.com or using any of our contact information in the profile.  You can also visit www.fieldandhicks.com for more information.

This blog contains general information and the opinions of the author – not legal advice; you should seek the advice of competent counsel (attorney/lawyer) when considering any legal issues.