Have you heard the idea – “When you are dead, you won’t know. It will be difficult only for the others.” There are many whose estate plans that are based on that belief. It is easy enough to do and says, “I won’t care, so why worry.”
Would the dead make diferent arrangements if they knew what would happen? Probably, if they knew.
As a public service, I have devised a test so that a dead person may find out that they have passed on. It allows them to have insight. There are several questions. Each should be answered either Yes or No.
If you have answered “Yes” to more than six questions you are quite likely dead. Three or fewer, you are probably alive.
Go back and look at the even-numbered questions. The even numbered questions are ones you can do something about. Anticipation is the key to cure. If you can anticipate the problem you can reduce or remove the problem while living but not later.
Unless you make the decisions and provide the tools, your executor cannot solve any of them effectively.
The twelfth question. “Would my executors prefer not to be involved? Executors can withdraw. No one wants unpleasant disputes and unsolvable problems. Would you want to be the executor of an estate like your own.
A good estate plan addresses problems in advance and provides:
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I build strategy and fact-based estate and income plans. The plans identify alternate ways and alternate timing to achieve both spending and estate distribution goals. In the past I have been a planner with a large insurance, employee benefits, and investment agency, a partner in a large international public accounting firm, CEO of a software start-up, a partner in an energy management system importer, and briefly in the restaurant business. I have appeared on more than 100 television shows on financial planning, have presented to organizations as varied as the Canadian Bar Association, The Ontario Institute of Chartered Accountants, The Ontario Ministry of Agriculture and Food, Banks – from CIBC to the Business Development Bank.
Be in touch at 705-927-4770 or by email to firstname.lastname@example.org