Let Your Actions Speak Now!


Let Your Actions Speak Now!

If you love your family, one of the greatest gifts you can give them is a clear, thoughtful plan for your care and the succession of your assets — and the best time to put that plan in place is right now.

Far too many people delay estate and care planning, believing they have plenty of time or assuming their family will "figure it out." The truth is that unexpected illness, accidents, or sudden incapacity can strike at any moment. Without a plan, your loved ones are left scrambling, facing costly court processes, family disputes, and emotional stress during an already painful time.

Establishing a plan for your care ensures your wishes are respected if you become incapacitated. Powers of attorney, living wills, and advance healthcare directives clearly spell out who will make decisions for you and how you want to be treated medically. This not only protects your dignity but also spares your family from having to guess or argue about what you would have wanted.

On the financial side, a properly designed estate plan — which may include a will, trusts, and beneficiary designations — directs how your assets will be distributed when you’re gone. Without it, state laws decide who gets what, often resulting in unintended outcomes and prolonged legal battles. By naming specific heirs and setting terms, you ensure that your family members receive what you intend for them, in the way you intend.

Moreover, a good succession plan can help minimize taxes and protect assets from creditors or other claims, preserving more of your assets for your heirs. For business owners, succession planning is critical to avoid disruptions and to keep the business enterprise strong for future generations.

Beyond legal and financial concerns, setting up your plan is an act of love and responsibility. It communicates that you care enough to ease the burden on those you leave behind. Your family can focus on grieving and supporting each other, rather than getting entangled in complicated paperwork and costly legal hurdles.

Waiting only increases risks. The earlier you start, the more options you have, and the more peace of mind you gain knowing that your assets, no matter the amount, are protected for your loved ones.

If you truly love your family, act now: consult an estate planning professional, start the conversation, and put your care and succession plan in place today.

Love and faith are connected; they both require commitment and action.  If you truly love your family, let your ACTIONS speak NOW by documenting your plan, sharing it with your loved ones, and continue living your life joyfully having faith in knowing that your affairs are in order.Top of Form

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THIS WEEK’S QUIZ: What is an “accelerated benefits rider” on a life insurance policy?

Answer to last week’s quiz: The best retirement plan for you is the one that you make now that provides the money that you will need to sustain your chosen lifestyle after you stop working. That time is coming sooner than you may think.  Let me help you, call today.

 

To get a more detailed answer to last week’s QUIZ question or for any financial questions that you may have, please contact me: 773-817-0601 or basheriff1@gmail.com

Disclaimer: The illustrations presented in this column are not, nor are they intended to be, legal, financial, or any other licensed professional advice, you should contact the licensed professional of your choice for advice on your individual situation.

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