Personal Notes
What a busy month for the DeWitts…
We bought a new house and moved. Here at the end of July we are just getting settled in.
Aaron is busy at boot camp. We are getting several letters a week from him. It’s good that he is learning to write a letter.
Madeline is getting ready to start at the University of Arkansas.
And we are busy taking care of people during this “new normal.”
Why You Should do Your Estate Planning…Now!
If you have a car, you probably have car insurance.
If you have a house, you probably have house insurance.
Why? Risk management. Insurance is a way of managing the risk of loss.
But most people are walking around without the insurance (assurance) of who will take care of them or how their property will be handed out later. They don’t have an estate plan.
Estate planning is your way of managing the risk of loss of capacity and more.
Once you turn 18 nobody else can make financial, legal, or healthcare decisions for you. If you don’t have a plan in place, it will be difficult on your family to make those decisions because of the hurdles the legal system puts in place.
If anything unexpected happens, you and your family could find yourselves facing consequences you didn’t want.
First, if you are incapacitated because of an accident, medical incident, infection, heart attack stroke, or dementia your family faces trips to court to get permission to take care of you and make financial, legal, and healthcare decisions. Planning makes sure that the people you want will be in charge.
Second, if you should pass away without a plan, then your family faces probate. You won’t have a say in who gets what. You won’t get a say in when they get it or protecting their inheritance. The State’s laws will make those decisions. The Judge will enforce the State law. Planning is the way to avoid probate and give what you own to who you want when you want with the rules you want.
Estate planning reduces risk.
Estate planning protects you.
Estate planning protects your children.
Estate planning helps keeps assets in the family. Planning ensures your children’s inheritance is protected. Planning protects your children from losing half of their inheritance to a divorce. Planning protects your children in case they become incapacitated.
August Quotes
Recipe – Chicken Picatta
Floral, lemony, tangy. The best word that describes this dish is delicious.
Imagine for a minute you didn’t have insurance. I imagine you would feel vulnerable and exposed. I know I would. Just one accident, medical incident, or house fire would wipe a person out. The worry would be constant. I used to feel like that because I didn’t have an estate plan. I didn’t have protection against the risk of probate and more. Now I don’t worry about the risks because I have a plan. Helping people avoid the risks is what I do.
I know that protecting what you have against risk (i.e. insurance) is important to you. I’m sure at time, you feel insecure. I’m sure that you want to take all the steps you can to protect what you’ve worked so hard or. When you work with me, that’s just what we’ll do. You’ll know you’ve done all you can to protect you, your family, and your money.
I’ve been helping people for years by putting plans together, so naturally I have a wealth of knowledge. Obviously, as you know, every person is different and every situation is different as are goals, outcomes, and desires they want to achieve and fulfill. I pride myself on getting you the information you need to make good decisions. Clearly I don’t want to make any suggestions about a plan of action before finding out more about you, your situation, and what your goals are. I’m sure you would agree that is a good way to start.
Please use this link to schedule a free consultation and estate planning needs analysis. Thank you again, Gary.
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