Beth Pinsker: Fear or love? Let actions speak louder than words when it comes to emergency documents

by | Nov 16, 2022 | Stock Market

I’m celebrating National Caregivers Month this year by sitting in hospital waiting rooms while my mother recovers from some surgery. She’ll be fine, but for a few days, she had to hand over control of her life. That’s not an easy thing to do, and also not an easy thing to contemplate in advance so that you do all the necessary things to prepare for that moment. 

Most people don’t have any idea where to start, and inertia keeps them from going anywhere near the task. The people who tackle the decisions that need to be made tend to have had a bad experience picking up the pieces for somebody else who hadn’t prepared. This sends them to estate planning attorneys or financial professionals who can help with paperwork they need and the organization of their assets.  “I think fear drives somebody into the office to get stuff done — fear of losing money or leaving hassle to children,” says Brittney Shearin, product manager at Guidr, a new platform for creating estate-planning documents. “Underlying all of those things, love is what drives them to do it. They wouldn’t have those fears if they didn’t love their family. It’s both, always.”

“ Estate planning encompasses a lot more than just wealthy people putting their assets into trusts so they avoid paying taxes. ”

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