29 Oct Estate Planning Explored
Estate Planning Explored
By: Barry E. Haimo, Esq.
October 29, 2013
Most people regard estate planning as planning for death, whereas I characterize it as planning for life. When confronted with the thought of estate planning, people’s focus tends to migrate to death and Last Will and Testaments. The reality, however, is that people that have lived through Probate (watch a short video here) and the fallout that results from a poorly planned estate have a deep understanding of how estate planning affects the survivors of the departed. There’s a sense of chaos and commotion that occurs that has the tendency to disrupt even the most harmonious of families; whether it’s identifying assets and creditors or dealing with attorneys, accountants and other professionals, failing to plan takes its toll on the family. Action relating to important matters must be taken to address and resolve issues in a timely manner; all while trying to grieve. Instead of thinking about estate planning as relating to death, think of it as planning ahead to provide for your family during life and ensure that their transition is as easy as smooth and seamless as possible. Planning ahead for your family’s future demonstrates command of the ultimate responsibility. Here’s a short presentation highlighting a proper basic estate plan.
Prezi Presentation (http://bit.ly/BasicEstatePlanning101)