Without question there is a pragmatic financial component that sits at the core of legacy planning. Yet, when you are planning your estate you may find yourself seeing the bigger picture. After all, estate planning involves considering how things are going to be for your family members after you pass away. Doing this from a financial perspective is one thing, but there are other things to take into consideration.
Stop and think about the inevitable event and how your loved ones are going to feel at that time. If you have a hard time imagining how they may react, simply harken back to how you felt when you lost a parent or someone else who was very close to you. During times like these you step up and do what you have to do. But the truth is that you would probably prefer to have few if any extra responsibilities so that you can be alone with your thoughts and cope with your grieving in your own way.
If you consider the above you can see why it may be a good idea to make your own final arrangements while you’re still alive. Aside from the fact that your family members would probably prefer not to have to conduct this type of business when they are bereaved, there can be disagreements among family members about certain details. This kind of stress is the last thing that they need to deal with under the circumstances.
Some people choose to develop a relationship with a funeral home and pay for their final expenses in advance. You can then just include this information in your estate plan so that your family members know that you have already made arrangements that you are comfortable with.
If you would like to include your funeral preferences in your estate plan, simply take action right now and arrange for a consultation with a knowledgeable and experienced legacy planning attorney.
- Show Your Love by Creating an Estate Plan - March 21, 2023
- What You Need to Know About SECURE Act 2.0 - March 14, 2023
- The Lessons from Lisa Marie - March 7, 2023