Ed-vise: Estate Plan

A back with MY family in Oregon GOOD MORNING!!! to you all! Yup, back home. Apologies for no insights yesterday. Was too busy being lectured by Newbie and just being with Spousal Support Unit.

What Would You Do Wednesday Ed-vise today. Cause it’s WEDNESDAY! And I do love WEDNESDAYS!

Up here, in Bend, there was an active shooter situation at a Safeway store.

An employee (a veteran) attempted to stop the shooter by stabbing him with a knife. Unfortunately, he ended up sacrificing himself in the process. However, his actions caused the shooter to end his own life leaving the employee and one other 84 year old Korean War veteran medic dead.

Now, if you have read my other What Would You Do blogs, you are already going through the exercise of contemplating your actions should this event occur in your presence.

But, for TODAY’S bit of Ed-vise, let’s look at the after events and the need for pre-planning i.e., ESTATE PLANNING.

Are you set up for when the police show up on your doorstep to tell you your spouse isn’t coming home? In particular with your finances and your estate.

What happens next? What bills need paid? Taxes, mortgage (maybe), stream of income. Hospital, ambulance, medical bills. Do you have any idea what is coming next?

I will tell you, the ambulance ride is NOT free. The hospital stay is NOT free. Banks and lenders will NOT give you a pass on the money owed. If you call, you’ll probably get a “so sad to hear that” and a “when can we expect payment.”

Despite the fact that your world has been shattered, the rest of the world in Good Ol’ ‘Murica, keeps on going and grinding. If you do not have a plan, the machine will grind you as well.

The firm Pops used to draft up their trust charged him $3000. It’s a good trust and such. But, when Pops passed, well, for $3000 you’d think they could at least send some flowers. Furthermore, they don’t even call mom to just check in. What I mean to say is if you don’t have a plan with your loved ones to keep the Tax Man at bay, it could get ugly.

You cannot simply close the curtains and lay down hoping to die. You must have a plan. In the alternative, have someone on speed dial that you can call that DOES have that plan. It should be your attorney. But, sometimes it’s another loved one.

With the proper estate plan documents, you will have the necessary, automatic things in place that will allow you a small bit of peace.

I’m just saying

That’s it for today. Take care of yourselves. Check in on each other and remember a blanket wrapped around a sleeping child is an…ACCESSORY TO KID-NAPPING! HAHAHAHAHAHHA…Get it…that’s a criminal law joke!

Peace

Published by edhlaw

Son, husband, father, uncle, nephew, cousin

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