Estate planning is about being a
faithful steward of your assets, now and later. It's about
taking your responsibilities seriously, and doing whatever
you can -- NOW -- to make sure you are fulfilling
your obligations faithfully.
Your first responsibility in
planning your estate is to yourself and your spouse, if
you have one, to see to it that you are provided for. This
means using powers of attorney and living trusts; life
insurance, health insurance, and long-term care insurance;
annuities and IRAs; and other means to be sure that your
needs are met. Estate planning is not just for "then,"
whenever that might be. It's for NOW.
Even the planning that's for
"then" -- your plans to avoid taxes; your measures to keep
your estate in the family; your options in distribution of
family assets, whether farm or otherwise; and your other
choices -- must be done NOW.
If you expect your estate to be an
asset for the next generation, you must plan today.
PLANNING TO YOUR CHILDREN
IS LEAVING YOUR ESTATE TO THE
Estate planning is about you, your
family, and your estate. It's about doing whatever you can
to be sure that your estate -- everything you own and
control -- is used for the benefit of those you love. And
estate planning is about life, not death. Estate planning
is the way you can live on, in and through your family,
your estate, your hopes and plans and dreams. You can live
on, but only if you plan.