Do you have a will? If not, you’re like the nearly half of Americans over age 55 that do not have a will. Do you have a living will, power of attorney, and an advance healthcare directive? If not, you’re in good company because only 18% of Americans over 55 have these legacy plan essentials. (Forbes 2-15-19) The percentages are even lower for those under 55.
Without these documents, other people will make decisions about your money, your care, and your minor children. With these documents, you will legally express your wishes about how you want your property distributed and your dependents cared for. If you are alive but incapacitated, these documents are your best bet for making sure the care you receive is the care you want. These documents legally authorize a trusted person to act on your behalf.
We’re talking about careful and responsible management of your own affairs—basically stewardship of your family life and your estate. Together as parishioners, we practice stewardship (careful and responsible management) of Advent. Individually, we should all practice stewardship of our own affairs. Even if you don’t have a lot of money or property, settling your estate will be more complicated, expensive, and time-consuming if you do not have a will. If you are incapacitated, directing your healthcare will be at best difficult and at worse impossible.
Why don’t most people have these legacy documents? People don’t know where to start, or they don’t want to face their own mortality, or they think that they are too young to need these documents. And so they just put it off.
To address this, Advent is offering a program on estate planning basics. Advent’s own Tip McCabe will share his legal expertise on essential estate planning documents. Come learn about wills, powers of attorney, living wills and advance healthcare directives. If you already have these documents, come find out about updates to the law that may pertain to you.
Don’t leave a complicated mess for your heirs to deal with. Make a plan. Bring a friend who could benefit from this information as well. October 6th at 11:15-12:00 in the Fellowship Hall