Life Is Unpredictable; Having an Estate Plan Eases Minds
Feb. 21, 2019
Life is unpredictable. In spite of taking precautions and avoiding risky behaviors, anything can happen, and loved ones may be left to pick up the pieces. New York residents who have an estate plan can help ease some of the burdens on their loved ones.
Tragedy can happen with no warning. The most mundane and ordinary events can end in unexpected ways that could forever alter one’s life. If an accident results in incapacitating injuries or even death, then having a plan can benefit survivors. A simple evening out with friends could have a horrific ending if another party takes a wrong turn or otherwise engages in negligent or dangerous behaviors.
If one has not taken the time to set up estate plans, a fatal accident could result in minor children losing their parents and no plans for who will take over the task of raising them. Likewise, surviving family members will be left to try to decide how one would wish for their assets and personal possessions to be disbursed. In the event one is incapacitated, family will be left with the task of trying to make health care decisions that would best meet one’s wishes, as well as trying to work out power of attorney to make financial decisions in the best manner possible.
The loss of a loved one is never an easy experience. However, if one has taken the time to set up an estate plan, then at least some of the worries and burdens can be eased. Though there is often a tendency to put off this task until a more opportune time, delaying this important chore can create more pain and heartache for those who are left behind. New York residents who are preparing to begin this important task may choose to seek the assistance of an experienced attorney who can help determine the best tools that will work for a particular situation.