I recently attended two memorial services for people I had known for a long time. As much as their passing saddened me, I took the opportunity to reflect on and appreciate their impact on my life. I also realized how much they meant not only to their families but also to their communities. They were beloved spouses, parents, siblings and influential community members.
Although I knew these people socially, I did not know their financial situations. As I witnessed the families’ grief, I hoped they had estate plans, which minimize the stress and burden of loved ones during a sad and challenging time. An estate plan helps you clearly outline your wishes, allows your family to understand and carry out your intentions and reduces family conflict. Having an estate plan in place is like giving a gift to your family.
