People sometimes get overly embedded in the present without seeing a long-term picture. Yes, you want to live each day to the fullest but at that same time it is a good idea to have a plan in place that leads to a comfortable and secure future. If you go through life with blinders on you may suddenly wake up one morning and recognize that you have gone far too long without making any advance plans.
Many people who are effective in general simply aren’t very good planners. There’s nothing wrong with this because we all have our strengths. If you know you should have a plan in place but don’t know where to start the first step is to develop a good working relationship with an estate planning attorney.
Most estate planning attorneys are also experts at retirement planning, and of course the two are intimately connected. If you take the initiative to sit down with a good lawyer you can map out a plan that covers all your bases as you pass through every stage of life. In this manner you will be able to enjoy your retirement years to the utmost and be ready to handle contingencies that may arise during your twilight years while crafting a legacy that you feel completely comfortable with.
Incapacity planning is one of the components of a comprehensive plan that is sometimes overlooked by the layperson. If you were to become unable to make your own decisions during the latter portion of your life interested parties could petition the court to appoint a guardian to act in your behalf, and you may not have any input into who this individual or entity will be. The wise course of action is to select your own potential representatives through the execution of durable powers of attorney.
Long-term planning is the key to comfortable and secure living. If you recognize the fact the time has come to chart a course for the future, simply take action right now and arrange for a consultation with an experienced legacy planning attorney.
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