Preparing for Plan B

I, like most people, have an estate plan that delineates who in my life I want to be guardians for my children, my pets, who I want to be able to “pull the plug” if I’m ever in that situation, who will get inheritances, etc.

However, I also work at a law firm that handles estate plans, so I see the various ways that the ideal wishes of someone who has since passed can sometimes not work out. Unexpected deaths, unavailable family members, and other situations that are completely out of anyone’s control can throw a wrench in someone’s entire plan. Given the considerable amount of time and money put into designing an estate plan, this should be avoided at all costs.

If you’re like me, then you not only have a Plan A, but a Plan B, C, D, E, F, G…. you get the point. Other people barely have a Plan A and don’t even think about a Plan B. When it comes to your estate plan, the laissez-faire attitude you may hold in other areas of life should be abandoned, and it certainly should not be the attitude of your estate planning attorney!

Things happen, and it is important to nominate back-ups for all major agents, such as your power of attorney and health care proxy. If you want to learn more about preparing for your Plan B, fill out the form below to secure your estate plan.