Page 32 - 0620 Nostalgic Magazine
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That Reminds Me Graduations July 4th Picnics Lazy Days and exotic vacations are all what make summertime a a a a a a a a a a favorite season to many Likewise additional downtime also makes this an ideal period to tackle those long-time goals You know the ones You dread doing these things but as an adult you you realize you you must undertake House Renovations Doctor Appointments and yes even Estate Planning Nonetheless many parents do not always appreciate the the the importance of encouraging their their adult children to address their own estate planning Every Adult 18 and Over should consider signing 4 basic documents: a a a a a a a a a a a Pre-Need Designation of of Guardianship a a a a a a a a a a a Durable Power of of Attorney a a a a a a a a a a a a Health Care Proxy “Living Will and a a a a a HIPAA designation Even if a a a a a a a a a a child is pursuing academic endeavors at a a a a a a a a a a university or or still on a a a a a a a a a a a a a a a parent’s generous payroll / health care plan plan basic estate planning is is is needed Too often is is is the instance where where a a a a a a a a a a a a a a a young person is is is hurt off campus where where any extrinsic collegiate authorization does not apply and a a a a a a a a a a a a a a parent is is faced with going to to court to to establish temporary guardianship for for that child So much less time emotional & financial cost is is is is involved by tackling these issues before that crisis happens As As a a a a a a a a long-standing member of of the Florida Association of of Women Lawyers I created a a a a a a a a a a a a a program in in in 2013 “Legal Jeopardy” designed to to educate graduating high school seniors about a a a a a a a a a a a variety of of issues that each need to to know upon turning 18 the age of of majority in in in in in our country including basic estate planning Nonetheless the the the following is is a a a a a top 5 list of reasons that that I have compiled for why people tell me that that they will NOT seek counsel from a a a trusted advisor:
1 I I Am Superstitious Signing These Documents Will Bring Me (Or My Family) Bad Luck Immediately My response: Sorry to skip ahead and tell you you you the ending of of your Book of of Life but it it does not end end well Nothing you you you you do do do will keep you you you you you from the inevitable However creating your estate documents provides you you you you you control in in in life and after death that you you you you will surrender if if you you you you do do not address those issues now while able and capacitated 2 What What Do I I Care What What Happens To Me & My Belongings When I I Die?
My response: A A LOT!!! As the the flight attendant always says at at at the the the beginning of of each trip make sure to to take care of of yourself before attending to others Most elements of estate planning focus on YOU YOU YOU ensuring that YOUR YOUR wants and needs are met in in YOUR YOUR lifetime not what the the State of Florida might dictate Remember the the flight attendant also says sometimes how you better hold on tight because this trip might get bumpy? He is is is referring to to you you if you you choose not to to address estate planning issues properly 3 Estate Planning Costs Too Much Money My response: In Comparison to What? Guardianship? Probate? Obtaining Court Orders for Declarative Actions? All of which will likely be be needed if you do do not not seek legal guidance Pre-planning does not not have to be be expensive and and the money money you you will will spend by doing it right will will truly save you you headaches heartaches and and more money money later 4 I Do Not Have Enough Assets Over Which to Worry My response: YOU You are your your greatest asset EVERY adult including your your your your 19 year year old old son whose bills you you you you you still still pay or your your your 22 year year old old daughter who who is still still on on your your your health care plan should have a a a a a a a a a a a a a minimum of 4 estate documents: a a a a a a a a a a a a Health Care Proxy (Living Will) Durable Power of of Attorney HIPAA and Pre-Need Designation of of Guardianship Best Graduation present ever? A A A A simple estate package to ensure your granddaughter will always have the the care she she needs based on the the documents she she signed as a a a a a young adult 5 I I I I Will Worry About That If And When It Is Needed My response: Unless you you hold a a a a a a crystal ball you you just do not know when that will will be be and by then it will will be be too late The difference in in in legal rates is similar to to to to seeing a a a a a a a a a a a doctor for for a a a a a a a a a wellness check-up and being rushed to to to to that same doctor for for an an an emergency The price difference is is huge Take the the the the the time to to address these issues now while you can still control control the the the the the process process rather than having the the the the the process process control control you If you DO have a a a a a a a a crystal ball we should talk There is an investment that I I am considering So Please BEFORE Your Your Troubles Hit the Fan Make Sure to Create Your Your Estate Plan!!!
Please send your thoughts and comments to: Pamela Higer-Polani
E: Pamela@LawPHP com or T: 561-496-4222
Pamela Higer-Polani

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