“Thought for the Day” #886 – by Stephen R. Elville, J.D., LL.M.

January 18, 2017

Planning has psychological benefits for individuals and entire families that go beyond the legal-technical aspect.  “Feeling good” about your planning, a highly non-technical consideration, is actually one of estate planning’s most important outcomes.  Without this element, the perceived significance of planning decreases leading to less of a likelihood that continuing maintenance, updating, and education will occur in succeeding years.  Therefore, planning should be a challenging but enjoyable exercise that results in peace of mind about how your wishes and desires are set forth and to be carried out – one that ensures you’ll feel good about participating in regularly.