Estate Planning In Time.

Estate Planning must be done in time. Meaning before you pass away.

Recently I was called to consult on two cases where the potential clients were diagnosed with the same type of serious cancer.

One person wanted to wait because he was going to fight it. He is still fighting it. He may make it. But he refused to see the value of a power of attorney, at least for his closest friend who happens to be his ex-wife or even the value of doing a trust to capture his home, his boat and his business in case he needs the help managing these assets while fighting the cancer.

Too late is what happened to the other person. After the initial consultation and agreement that estate planning documents were in order, I was poised to have the documents done in a rush and within the week for this person to sign. From exactly a week from when we met, the person died suddenly and so unexpectedly. My heart just reaches out to that person's family. Luckily, since most of the assets were held in joint tenancy, probate should not be much of an issue, but there were other outstanding issues that warranted a need for a Trust.

Consult with your estate planning attorney about getting your estate planning affairs in order.