Planning ahead for end-of-life situations can be difficult for many people. Making plans for growing old and dying is a morbid subject that people often like to avoid thinking about. Creating an up to date end-of-life estate plan is a good idea for people who want to leave a financial legacy to their loved ones. Some might have minor children that they might want to make arrangements for on issues like inheritance and guardianship. It is also extremely important to plan ahead for the type of medical care needs an individual might have in their later years. Putting together an adequate plan will give the client more control over how people will remember them. Having a complete and up-to-date estate plan will help save loved ones a lot of stress and hassle.
See Karen M. Wyatt, 5 Reasons to Plan Ahead for End-of-Life, The Huffington Post, September 4, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.
