Just a thought before I crash in bed after spending far more time than I'd like to on estate planning matters: If you have not yet dealt with this tedious but crucial task, please do. Jeff and I are working on it now, and let's just say it is not a quick process. We've met twice with an estate planning attorney, established a living trust and signed countless notarized documents, and we still are just at the very beginning of getting everything squared away. Transferring all of our (modest) assets into the trust will take months, given how little time I have to work on this, and getting all the other paperwork together will also take a long time.
But if we don't get this done, and something happens to both of us, the implications for Elijah -- and for everyone else in our family -- would be huge.
If you've been putting this off, do yourself and your heirs a huge favor and contact an estate planning attorney. Because if you don't, your death (you do know you'll die someday, right?) will be the beginning of a long and very costly ordeal for your surviving family members. The probate process can take years and drain huge chunks of the estate away.
If that doesn't persuade you to get moving on this, remember that estate planning isn't just about possessions and bank accounts -- it's also about end-of-life medical decisions and powers of attorney should you become incapacitated. So if you don't want to become the next Teri Schiavo, get this done!
And if you happen to be related to us, this message is even more important(!)
So don't delay this any longer. Get it done. As one of Elijah's little girly-girl preschool classmates says, pretty, pretty please, with sugar on top!
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