“Thought for the Day” #793 – by Stephen R. Elville, J.D., LL.M.

August 30, 2016

Many people experience anxiety and great trepidation over the prospect of beginning their estate planning.  Then later during the planning process many people feel tremendous pressure about the future, commonly expressed as concern that the estate plan will not meet all contingencies and that they must “get it exactly right” the first time.  This psychological and emotional pressure can be released by the realization through client education that planning is not set in stone forever, nor should it be viewed as such.  Rather, planning should be viewed as an on-going process throughout one’s lifetime, with frequent updates and adjustments as a normal part and consequence of the life cycle.  With this healthy and practical viewpoint that the planning balloon doesn’t have to burst, it can instead be released with pleasure to fly high.