Introducing Legacy Family Planning | 5 of 5: What Now?
According to a 2014 Forbes article, 51% of Americans between the ages of 55 and 64 don’t even have a will. Men are more likely to have a will than women and when considering younger age groups, the number of people without a will dramatically increase to 64% who lack protection.
You must have an estate plan in place before you can add a Legacy Family Plan to it. If you don’t have a will, you are an Avoider on the Estate Planning Pyramid and your Family’s Expected Family outcome is Lost. You have not provided your family with the minimum legal protection they need to thrive in your absence. Now would be the best time to get a will.
To clarify, this is NOT legal advice. Please, contact your professional advisors for assistance. Many people don’t know what a will is, or how to get one, so it's important to get on the same page about the term “will.” For our purposes, “will” is a group of essential estate planning documents that, at a minimum, contain the following: (1.) Last Will and Testament, (2.) Statutory Power of Attorney, (3.) Power of Attorney for Health Care, and (4.) DNR-Do Not Resuscitate. Depending on your family’s needs, your situation may require additional documents. If in doubt, please consult your legal advisor.
My hope is that you already have a will. You have taken the time to protect your family with the information you had. But now, you know better. There is more you can do. Are you willing to take one more step to protect your family?
Take the Next Right Step
What is your next right step?
- Download the free assessment here: www.legacyfamilyrevolution.com/assessment.
- Order your copy of Cur$e of Inheritance
- Order your copy of The Legacy Family Way
- Schedule a Risk Assessment
- Contact Cindy to help with your Legacy Family Plan
Educate yourself. Ultimately, you will need to make a decision. Will you add a Legacy Family Plan to your estate plan?
If you need help making a decision, please use the Cartesian Logic questions to gain clarity. This line of questioning is attributable to Rene Descartes, a French Philosopher from the early 1600s and is quite effective in making important decisions.
1. What would happen if you did add a Legacy Family Plan to your current estate plan?
2. What would happen if you didn’t add a legacy Family Plan to your current estate plan?
3. What won’t happen if you did add a Legacy Family Plan to your current estate plan?
4. What won’t happen if you didn’t add a Legacy Family Plan to your current estate plan?