Ready for Anything?
When the economy crashed in 2008, it seemed like the term “prepper” suddenly appeared everywhere. It generally wasn’t a term of endearment, with the media often portraying “preppers” as tin foil hat wearing loonies. Yet, sales of ammo and other preparation-related goods increased during the depths of the recent economic crash. Apparently many people decided it was time to prepare for some sort of potential societal break-down.
Now, with the current shakiness in the stock market and non-stop talk about problems in China, Russia, ISIS, et al…, it seems like the prepper mentality is starting up again.
People may start spending all sorts of money taking precautions against catastrophes that may never happen. Often, their built-up supplies go to waste or are given away years later. Remember Y2K??
But do preppers take steps to prepare for one event that is completely inevitable and for which we all know will happen one day, no matter what: the moment our time on this earth comes to an end.
Have preppers, who have taken all sorts of precautions, taken the most basic step to protect themselves and their families … have they created their basic estate plan?
When a family member passes away, real world chaos and often deep sadness unfold, leaving family members feeling very overwhelmed.
With a basic estate plan and by implementing probate-avoidance strategies, the post-death transition can be made dramatically different.
Rather than family members and loved ones being put through an often expensive, time-consuming and stressful probate process, a basic estate plan may provide for a smooth transition where one’s assets pass to the intended recipient very quickly, sometimes allowing families to avoid having to go to court altogether.
A lawyer who handles probate cases blogged: I’ve represented a number of clients who experienced a great deal of stress administering their loved one’s estate through the court’s probate process and had to spend thousands of dollars to do so. And the frustrating part is that, had their loved one had a working basic estate plan, they likely could have completely avoided court altogether.
Are you a prepper? If so, do you have a basic estate plan in place? Are you really prepared for anything?
There are DIY options on-line. You are probably the do it yourself type. If not, contact an attorney who specializes in estate planning. Having the guidance of a lawyer in making the critical decisions that arise in creating a basic estate plan can sometimes be the difference between having an effective estate plan versus having estate planning documents that, in point of fact, aren’t properly signed, meaning they are not valid.
Don’t settle for the “Do Nothing” estate plan. Engage in worthwhile “prepping.” Protect yourself and your family with a plan.
Remember, be prepared for anything.