FOR SUPER BOWL SUNDAY: IF YOU UNDERSTAND PRO FOOTBALL, YOU CAN UNDERSTAND ESTATE PLANNING
SUPER BOWL SUNDAY!
For two formidable teams, it’s the culmination of a season. It’s a grueling seven-month schedule with tons of variables from pre-season training camp to regular season kick-off to post-season play-offs.
Just like pre-season to the Super Bowl, a lot can happen throughout a lifetime. So many variables, so many strategies, and so many potential outcomes.
While it may be difficult to ponder the inevitably of your clock finally running out, preparation for what happens after your season ends is indeed necessary.
The main players
Estate plan – An estate plan is the whole playbook, generally containing the following documents: your will; healthcare power of attorney; financial power of attorney; disposition of personal property; and final disposition of remains.
Will – A will is a superstar which can accomplish so much for your team. For example, who will quarterback the distribution of your property at the end of the game? You need to make certain the will is well drafted, solid, and can stand up in court. Keep in mind though, important assets such as retirement assets and investment accounts may well contain beneficiary designations that actually trump your will.
Healthcare power of attorney; financial power of attorney – Don’t let a sudden disability completely take you out of the game. Have someone strong come off the bench to carry you to your personal goals.
Trust – You have lots of different options with this multi-tool MVP. A trust can help your team in so many different ways and provide you huge advantages in every facet of the game.
You need a good playbook – a good estate plan
Thorough planning is the best way to plan for the end of your season, so that you and your family are never caught unprepared. When you are no longer around to coach your loved ones, make sure they are protected.
Have questions or concerns?
Do you have an estate plan? Why or why not? I’d love to hear from you – you can reach me any time at firstname.lastname@example.org.
A great place to start: my Estate Planning Questionnaire
Why not start right now with my Estate Planning Questionnaire? Just click here, it’s provided to you free, without any obligation – LINK.