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Estate planning, like updating a blog, is susceptible to procrastination. I’ve heard clients say many times that they should have executed their plans “thirty years ago.” In response, I usually complement them on staying alive during that time period and finally finding their way to my office.
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It’s easy to see why people don’t get excited about estate planning. To do it right, you have to ponder your own death, potential disability, nursing home stay, and any number of other unpleasant possibilities, both for you and your loved ones.