Human beings are, by nature, planners. We make immediate plans for our daily meals, activities, and other actions—and, of course, longer term plans for things like our children’s wellbeing or our end-of-life wishes. Knowing what to plan for and how to do it can be daunting at times—but in the end, it’s all worth the trouble.
In today’s blog, we will be looking at some of the longer term plans you can make now to provide for a better, more peaceful tomorrow.
Finances and retirement
One of the biggest areas we are constantly planning for is, as you might have guessed, our finances and retirement plans. This area of planning revolves greatly around the property we own, what we put into savings for our own retirements and what we set aside for loved ones, charities and other recipients. While it’s a bit different for everybody, much of this type of planning focuses on one central goal: the ability to retire and live comfortably while still providing for the people or causes you care about.
This area of planning also overlaps with day-to-day needs. We strive to ensure that we always make or invest enough of our earnings to not only plan for the future, but to live in the “now” as well.
In addition to planning for our own retirements and financial needs, we are constantly working and planning for our families’ wellbeing down the line. This might include setting aside for our children’s college funds and making provisions for them in our estate plans.
This area of life planning can be very fluid. With divorces, remarriages, births, adoptions and other family events, our plans need to change and reflect our new situations. This is all in an effort to make sure that our families are provided for, even in the event that we can no longer do so.
End-of-life care and wishes
Finally, a large portion of our life planning goes into deciding what we want (or don’t want) in the event of events such as death or incapacitation. If you, as a parent or spouse, can no longer provide for your family or make decisions on your own behalf, who do you want to appoint to do these things for you? On a similar note, what are your wishes regarding your health and life in certain medical scenarios? The answers to these questions—and many more—are typically included in our estate plans.
Can we help you during your next step in the planning process? With practice areas that span from real estate law to estate planning, we can provide you with the experience and insight needed to make informed decisions at every step of the way. Call our office today at 386-868-3083 to learn more.