Tuesday, October 6, 2009

7 of 10 vs 3 of 10? I will take the 3!!!!

Do You Have a Will?
My wife will not even discuss these types of issues. In fact, when we drew up our estate planning documents, she had to get up and left the room all flustered. Who really looks forward to and wants to confront their own mortality and the issues that surround it? Neither one of us did, but knew it was something that we needed to do. If you have not done so…believe it or not you are in the majority.

Did you know that 7 out of 10 people have not created a Will? Think about that…7 out of 10! Those 7 people can and likely will cost their heirs (family members…the ones closest to them) a lot of money in avoidable estate taxes, lawyer/ probate costs and add tremendous stress to what is already a stressful situation. Who really wants a third party, judge or government official deciding who inherits their property, savings and personal belongings? For 7 out of every 10 people, unfortunately, this is precisely what will happen and what they should expect to happen.

Doing nothing and not thinking about it will not solve the problem.

Pre-Paid Legal Plans offer Wills (and Living Wills) as part of their basic membership package. If you do have a Will, you control who inherits your property, portfolio etc…. Further, if you are raising children under 18, you designate who will raise them. If you do not have a Will, you are designating an impersonal, beaurocratic court system to make critical decisions for the long term interests of those closest to you. No one wants to confront their own mortality and deal with these issues. If you choose not to, can you really say that you are doing the responsible thing for your spouse and children?

Suburban Solutions provides employer and membership groups with Pre-Paid Legal Plan programs, along with a menu of over 40 other lifestyle benefits. You can contact us should yo wish to inquire about how to access these types of services.