Stress and grief cause a lot of very strong emotions, so leaving important decisions until you are sick, or hoping that family-members will somehow know what to do at that time, can sometimes lead to poor decisions. Mistakes get made; shortcuts are taken; errors of judgment compound an already-difficult situation.
And (like insurance), you generally cannot put suitable arrangements and protections in place after the disaster has struck.
That is why it is essential for everyone to make appropriate advance-medical and end-of-life decisions in advance. It is far better and easier to make these decisions when you (and your family) are still healthy and calm – it will be less tense and emotionally charged.
Make your advance-medical-directive wishes clearly understood to your family, so there is no need for doubt or interpretation on their part at a crisis-moment. It can help prevent a lot of problems later and is likely the kindest thing a person can do for the sake of family unity.
Consult a specialist estate-planning lawyer, and make a proper integrated estate plan. Some people worry about the cost, but it is really an excellent investment in your family’s future harmony, because without it, things can get a lot more expensive if things get legally out of control. Long, protracted legal battles can tear families apart, especially if there are already some family tensions.
Well-crafted estate-planning documents can clarify how things are managed if someone is incapacitated. They can relieve your family of the agonising burden of some very emotional decisions, which may be required late in life.
Death and taxes (and illness) may be unavoidable … but they don’t have to ruin your family. Make the effort to protect the people you really care about. Call ESTATE PLANNER to create an integrated estate plan. And do it NOW … before it is too late.
Rod Genders is a senior Australian lawyer specialising in accident compensation and estate planning in Adelaide. His boutique specialist law firm is one of the oldest and most respected in Australia – visit it at www.genders.com.au . Rod is also a prolific author and speaker. Some of his articles and books on Wills, Probate, Trusts, Estate Planning, Asset Protection and Retirement Planning may be found at www.genders.com.au/adelaide-lawyer-blog.