Estate Planning

“The Best Laid Plans…”

We all know that even with the best possible planning, things may not always turn out as we expected. Laws change, economies change, and even our own personal preferences change. Does this mean that we should just not even bother to properly plan? Of course not. Just as the poet who said that “the best laid plans of mice and men often go astray” was correct, so too is the axiom “those who fail to plan, plan to fail”.

What then is the key to proper planning? In our experience, the keys lie in expectations and flexibility. First, making sure that our clients are aware of the limits of what good wealth planning can accomplish is essential to effective planning. This is not to say that the benefits are not significant, because they often are. However, wealth planning is not a “magic pill”, it cannot prevent the changes of life from happening and cannot undo what has already occurred. Second, regarding flexibility, good wealth planning takes into consideration the unknown and allows for adjustments in the midst of changed circumstances. While not every element of a plan will be able to be modified, sufficient flexibility can be maintained through proper design and implementation.

  • Wills
  • Powers of attorney
  • Health care declarations/living wills
  • Trust agreements

So what are your plans? If you are not sure, or haven’t made any, tell me what your goals are and let me help you reach them.

I would be happy to meet with you, so please contact me with your questions, comments or concerns.