How many of you knew that October is Estate Planning month? Alright, it’s not really estate planning month, but it should be because October is the perfect time to plan your estate.
If you’ve been outside recently, you know that summer is over. The summer heat is gone and the nights are cool. My sister who is visiting from Tucson couldn’t stop talking about how beautiful the trees were. I hadn’t noticed the leaves had started to change until she said something.
We have some down time now. In about two months, we will be caught up in the holiday frenzy. But until then, there aren’t a lot of things that demand our time. Unless, of course, you stress over the pressures of Halloween.
Nope, for about seven weeks, there isn’t a lot demands on our time which is why this is the perfect time to get moving on your estate plan.
Remember that estate planning is going to take some time. It’s not like getting your oil changed at the Quickie Lube. It’s going to take some scheduling and planning.
First you need to find an attorney and make an appointment. This may not be as simple as it sounds. You need someone that you feel comfortable with and with whom you have confidence. It may take a week or so to get in to see the attorney. After your meeting, the attorney is going to need some time to draft an estate plan that fits your needs.
Then you are going to have to review the documents. Questions will need to be answered and re-drafts completed. Once the final docs are approved, you are going to need to get back into the attorney’s office to execute the plan. If you create a trust, there is going to be time required to fund it.
Estate planning is not always a quick process. That’s why this time of year is the perfect time get moving. If you wait, the holidays will take up your time. After the holidays, the cold will be on us and no one wants to go out when its 12 degrees. After the winter, you’ll be outside enjoying the warm air after being stuck inside for three months. Then it will be fall again and you’ll be wondering where the year went.
This is the time to get moving, so ask your friends and family for a referral. You’ll be surprised how many people know an attorneys that they would recommend. If your friends and family can’t help, check the Internet or call the local bar association.
Finally, although October isn’t Estate Planning month, it is National Bullying Prevention Month. As the father of three young sons, I take bullying seriously, and I hope you do too.