A commentator in a recent article addressing estate administration makes an interesting point regarding planning.
On the one hand, she notes, few of us would simply embark on a vacation trip without giving some advance thought to our schedule, itinerary, booking specifics and so forth. We generally like to eliminate the unknown to some degree, gaining peace of mind from knowing what the future portends.
On the other hand, though, equally few of us devote the same amount of time and effort to crafting a tailored and forward-thinking estate plan as we do on ironing out the details of even a short holiday away from home.
And that flatly makes no sense, says columnist Aimee Burgess.
Your vacation involves, well, you.
Conversely, as Burgess duly notes, your estate plan "has an effect on your entire family."
As such, taking the requisite time and effort to truly think about how you want to order your affairs and then implementing a reasoned strategy to do just that is akin to a gift bestowed upon loved ones.
That is Burgess's take, which she says is timely now, given the nation's annual obsession with year-end resolutions.
Quitting smoking, trying yoga and learning a new language are all positive endeavors, of course.
As Burgess notes, though, making a solid estate plan that focuses closely on your family's future is a gift that keeps on giving … year after year and across generations.
"[I]t's liberating knowing tomorrow is taken care of," she says.
Indeed, many people in Massachusetts and nationally feel precisely that way following due attention paid to important matters like asset transfer, inheritances, charitable giving, health care outcomes and family-legacy considerations.
A proven estate administration attorney speaks to all those concerns and routinely helps clients craft estate plans that make optimal sense and remain solidly viable over the long term.
We wish all our readers happy holidays.