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Estate Planning: Time is of the essence

On Behalf of | Mar 27, 2014 | Estate Planning |

When it comes to planning one’s estate, it often seems as though tomorrow is an excellent time to begin. The urge to delay this important task can be based on a number of factors, not the least of which is a lack of desire to consider one’s own demise. However, estate planning is a matter in which timing can make or break the eventual outcome. New Jersey residents would be well served to create a scheduled time and date to address the matter, and then protect that appointment in the same way that one would honor a medical appointment or other essential obligation.

One way to make estate planning a less onerous task is to consider the true purpose of drafting these essential documents. We do not make these plans for ourselves; the reason we create an organized estate plan is to help those we will leave behind move through the process of sorting out our last wishes. By drafting clear and concise documents, we are paving the way for those we love to handle these matters with as much ease as possible, during what will be a difficult time in their own lives.

The basics of an estate plan include a will and some form of advance medical directive. A medical power of attorney is a tool used by any to outline what medical interventions are and are not desired in the event that the individual becomes unable to make his or her own medical decisions. This is crucial for making sure that one’s wishes are followed. Even more importantly, selecting someone to act as one’s medical power of attorney gives that person the guidance they need to feel as if they are adhering to your wishes, in the event that a medical emergency should arise.

When it comes to New Jersey estate planning, there is no better time than the present. This is not a task that should be postponed or put off for some more advantageous time or date. Schedule an appointment now to ensure that these needs are taken care of. Then rest assured that the task is behind you, and that those who are left behind will have the guidance needed to carry our your final wishes.

Source: The Washington Post, Put your estate plan on paper before it’s too late, Michelle Singletary, March 20, 2014