Estate Planning - An Important Gift for Mother's Day
Mother’s Day is May 10th. As you start thinking about what to get mom this year, an estate plan might be one of the most important gifts you will ever give.
While it is not as flashy as jewelry or as fun as brunch (and you can still give mom both those things), an estate plan can help mom avoid the stress and mess of inheritance taxes, caregiving, and tough end-of-life decisions.
Why is it important to talk about estate planning for women specifically?
Women tend to live longer than men, which means that women will be more likely to survive their spouse or partner and therefore have to manage the estate, end-of-life decisions, and more.
Women still tend not to be included in financial decisions and planning when in a long-term relationship.
Women are more likely to be the “breadwinners” in their households, and to protect their families, estate planning is critical.
Women tend to be the caregivers as couples age; they need access and power to make important financial decisions as their partner ages.
Estate planning does not have to be scary or sad. It is a celebration of one’s life and achievements; it is a gift to future generations and caregivers to have clear instructions and guidance after we’re gone.
The Lubnau Law team is here to help. We have a number of resources to help you start gathering your thoughts and paperwork. Contact us today to set up an estate planning appointment.