Money, Money, Money

As I was doing my bills the other day, my mind could not help but go to the current state of the economy. You have listened to the gloom and doom news comparing our current state of affairs with the Great Depression. Well, what did we, or our parents/grandparents, learn from that period. They learn to save prudently and cautiously. I can not tell you how many of my clients have benefitted from that saving mentality. Over the generations, the family members of my clients have passed on the wealth in hope of making my clients' life better and it worked! Now we have our greatest challenge. How will future generations benefit from our response to this economic crisis? What should we be doing, now? Among the many things we have to do is work together as a unified society. Individually, we have to take responsibility for ourselves and those dependent upon us. We have to plan for our future generation by taking such actions as making a will to pass on our assets and our legacy. We have to set up trusts to hold and distribute our assets, whatever they may be, in a responsible manner. We have to do these things even when we think we have nothing, especially if we think we have nothing. We never know exactly what the future may bring. However, we can and should plan for the future that we hope for, for ourselves and for our children.

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Finding Your Money!!!

I was looking out the window as I typed this blog admiring the greenery all around me. It made me think about the millions if not billions of dollars people take to the grave with them. This happens when you fail to keep loved ones informed of your insurance, investments, and the other benefits/assets you have.

Take the time now to collect your important papers in one place or make a list of all your insurance policies, investments, bank accounts, etc. Share with the person that you have named as executor in your will or let them know where such information will be located. There are now even on line services that you can use to store this information. Your loved ones will be notified once this service is made aware of your death. They do this by tracking Social Security Administration's death index and other governmental databases. As these services become more popular, less and less money will be diverted to the government. The intended recipient will get the money.

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The Business of Caring

The other day I called my paralegal on her day off. I paused for a moment and thought about that call. I am not an over barren boss, in fact, to the contrary. My staff and I work together to take care of the business of our clients. My paralegal often calls ME on her day off. Sometimes just to check in on the status of a client's situation. You see both of us look at what we do more about the PEOPLE than about a JOB. It gives us pleasure to know that we truly care about how our clients' situation is resolved or addressed. Estate planning is a business of caring. Caring about what matters most to our clients as they address their estate planning needs. The children, the spouse, the money, the dog, the money, the accomplishments, the family, the friends, the money, the companions, the money, the employees, the passions, the legacy....oh, did I say the money.....all of these things and more drive our clients and drive us to serve them well.

Many people do not get a will done or others do not address estate planning matters because they do not necessarily understand that it is business of caring. When they do see it that way through professionals who demonstrate that perspective, it moves them to do what clearly is essential for their loved ones. My upcoming book, Stop! What are you waiting for? Your essential guide to estate planning. takes on what people are waiting for and shows how to turn the inaction into action. Share your reasons now so we can cover your reason in the book. It is not too late to add something new. Blog here, now.