An important part of working with my clients in wealth management is discussing their need to get a Will and a Power of Attorney. These are difficult things to discuss at any age and most often my clients know they need to get this done but they find the whole process very overwhelming and difficult, so they avoid getting it done. I know it’s difficult discussing your last wishes but I want my clients to have control over all their major decisions, right to the end.
Right now you have control over how you spend your money, how you plan to use your money and how we invest your money. The details concerning how you’re going to leave this earth are about your health and your wealth too and should not be left up to someone else to decide for you. Writing your wishes on a sticky note or telling your loved ones as you stand side by side at the BBQ tending the flames simply isn’t good enough.
Here’s an example of someone who thought they’d taken care of having their last wishes known: read the full article here
This 70-year-old man had the words “Do Not Resuscitate” tattooed over his chest. How drastic is that! When he was rushed to the hospital his very visible instruction had to be ignored by the attending doctors. Why? Because he had no legal documents to confirm his decision, no Power of Attorney and no Will. So what happened? His last wishes were out of his control, despite his tattoo.
It’s so important to get your ducks in a row while you can, while you have all your faculties to do so so that you have full control over your decisions right to the end. This is about having control over your health and your wealth and this is a critical part of your wealth management.
Please get your documents in order. No tattoos needed.