Yesterday we talked about the probate process, and what happens after a loved ones dies. Today, let’s go through that same process, but this time, our loved one has an estate plan and has put all of their affairs in order before they passes. Remembering what we went over yesterday, here is how it would go with an estate plan:
In the hours following the death, you go to the funeral home, and the director tells you that your loved one came in years ago and chose their own service, with music, readings, flowers, and everything all picked out and paid for. You don’ t have to decide a THING except what day to do it. Oh, and your loved one already planned – and paid for – the life celebration party afterwards. There are no decisions to make – the director tells you to go home, grieve, and take care of your family.
You get to the house, and you already know where the estate plan binder is. Because you’ve already been over it, you know there’s a letter right inside that’s intended to be instructions for you on what you need to do. You go to it, and feeling overwhelmed by everything, with the letters swimming on the page in front of you, you decide to just call the lawyer – me. What do I tell you? I say – there’s nothing you have to do right now. You, take care of your family, grieve, and get back to me in a couple weeks – if you still need me – when you’re ready to move forward.
Those early hours, days and weeks are precious – precious time to be with your loved ones, to remember and celebrate to one who has died, and to work on our own processing of what’s happened and what it means to us. An estate plan gives you that time.
When it comes time to assess the assets, pay the debts and transfer the property, the process:
- Involves no lawyers and no court;
- The fees are overall generally less than $100 in total; and
- Takes a few days to a month, depending on how quickly YOU work
Because you have all of the instructions, you don’t need to call a lawyer. The process is simple and quick, and costs almost nothing.
Does that sound like something you’d prefer to have from your loved one than the probate example?
Then, I ask, WHY are YOU not doing this for YOUR loved ones? How could you not, knowing now what you do? What are you waiting for?