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Tuesday, July 27, 2010

Estate Planning – why it’s the right time

Many people put off their estate planning. It’s understandable, who wants to think about catastrophic illness or death? Despite the unpleasantness, there are good reasons to get your house in order:

1. Think about your family: By getting your estate planning put in good order, the pressure is off your friends and family to make really big decisions. You can direct how you want things done so they don’t.

2. You pick the “decider”: You can pick who you want to make health care, financial, etc. decisions for you in the event you are unable to do so yourself. If you don’t decide, it is likely a court will appoint who ever gets there first to request the authority. Isn’t it better to pick the person yourself?

3. Who gets your stuff: If you don’t take the steps to get your estate in order, the State of Washington will determine who gets your property. Is that really how you want this important decision made?

4. You will feel really grown-up: Get your estate in order, and you will feel really good about yourself. Knowing that everything will be done the way you want it done is a very good feeling.