Every time I talk about estate planning, I always refer to it as a tool for security. Today, let me deviate a bit and tell you that estate planning is not just a tool to achieve security, but it also is an instrument for self-empowerment.
When we speak of self-empowerment, we understand it as that resolution when we choose ourselves, take control, make positive decisions, and pursue things that matter and will make us happy and fulfilled.
Basically, self-empowerment is all about running your own race. Let me show you how you can do just that through estate planning!
Estate planning puts you in charge.
A solid estate plan allows you to call the shots, particularly with respect to your finances, financial future, and financial goals.
A more obvious example would be how, through a last will and testament, you are able to distribute assets, designate beneficiaries (friends, loved ones, charities–your call!), and decide what and how much each would get upon death. As opposed to not drafting a will where, instead, the laws and the courts will decide for you (zero control!), this important estate planning tool allows you to take charge of your well-earned money and properties–as you should.
Another perfect example (because estate planning is more than just a will!) is the incorporation of a living will and power of attorney in the plan. Much like in a will where you take charge even if, technically, you are no longer able to, these estate planning tools allow you to decide for yourself in case you become incapable, unable to do things on your own.
Estate planning lets you define your goals–and reach them.
It’s one thing to set your goals, it’s another to actually do something to achieve them. With an estate plan in place, you are not only able to identify what it is that you want to happen; you are able to actually make it happen.
When you decide to finally put together your estate plan, you will have to start with articulating your financial goals. There are a LOT of things to consider: family, health, career, education, kids. (I know it can sound pretty overwhelming, but no worries–here to help!) And while some of these considerations don’t seem to have a “financial” aspect to them, it helps in the planning process when you take into account all of these areas–life as a whole, basically. (We gotta be thorough!)
Now, with a good, good grasp of your goals and attendant circumstances, it’ll be SO much easier to decide what tools to include in your estate plan and make these tools do the work for you! Of course, your estate planning lawyer will have to oil the wheels, too, but yes–your plan and its incorporated instruments are key to materializing your financial dreams and goals.
Estate planning is self-care.
Living life the way you want. If that isn’t self-care, I don’t know what is!
Putting yourself first is an act of self-care. Looking after your health, family, career, and finances is an act of self-care, too. Deciding to take the wheel and feel secure as a result is, definitely, an act of self-care. Heck, even educating yourself about all of these concepts (and going THIS far into the post!) is self-care in itself!
Peace. Security. Education. Fulfillment.
These (among others!) are an impact and influence of financial planning.
These are what make you empowered–even more empowered than you already are.
I can go on, but I don’t think there’s any better way to prove how empowering estate planning is than by actually going through the ropes yourself…
... with me, of course! I’m here to listen, help, and be your legal guide!
Looking forward to empowering each other and going through this together!