We all feel like tomorrow will always come. You always have a date to procrastinate to. And, while that makes you feel good today, it also creates tremendous stress because you KNOW in your heart that you are not making a good choice.
The best time to plan is now. But why?
If you lose capacity to make decisions, you can no longer sign some or all the documents in an estate plan.
If you can’t understand and don’t have the capacity to sign a contract, you can’t sign a durable power of attorney, healthcare power of attorney, or living will.
If you lose the capacity to understand what you own and who you want to give it to, you can’t sign a last will and testament or trust.
None of us can predict when that moment will come. Auto accidents, medications, major medical incidents, and accidents around the home can make us unable to make those decisions anymore. Your life can change, literally, in the blink of an eye.
The best time to plan is now, before anything happens.
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