As a community leader and attorney, Jennifer Norton often meets people who put off estate planning, thinking they have plenty of time. But one story from her years of experience stands out.
Jennifer had been speaking at a local community event when a man named Robert approached her afterward. He had always assumed his financial affairs were in order, but after listening to Jennifer’s presentation, he realized he hadn’t taken the necessary steps to protect his family.
“I’m a little embarrassed to admit this,” Robert began, “but I don’t even have a will. My wife and I keep meaning to get one, but life gets busy, and we never seem to find the time.”
Jennifer reassured Robert that his situation was all too common. Many people delay estate planning because they believe they’re too young or that it’s only for the wealthy. But life has a way of throwing curveballs, and planning for the unexpected is crucial.
Jennifer walked Robert through the essential components of an estate plan:
- Wills: Jennifer explained that a will outlines how assets will be distributed after death. More importantly for Robert, it would allow him to appoint a guardian for his children, ensuring they were cared for by someone he trusted if something happened to him and his wife.
- Trusts: Jennifer suggested a trust to help protect Robert’s assets and avoid probate. This way, his family could inherit without dealing with the lengthy court process.
- Powers of Attorney: If Robert or his wife became incapacitated, a power of attorney would give someone they trusted the ability to manage their finances and healthcare decisions.
- Advance Directives: These documents would allow Robert to specify his healthcare preferences in case he couldn’t communicate them, ensuring his wishes were respected.
That day, Robert left the event with a renewed sense of purpose. He made an appointment with Jennifer the following week, and by the end of the month, he had a complete estate plan in place. Robert later shared that his wife felt an immense sense of relief knowing their family was protected.
Estate planning is about more than just documents—it’s about securing your legacy and protecting those you love. As October is Estate Planning Awareness Month, now is the perfect time to take action. Request a free consultation today here or connect with Jennifer at one of her upcoming community events to learn more.
